“JMP Securities analyst Sam Wilson today raised his rating on shares of Apple (AAPL) from ‘Market Perform’ to ‘Market Outperform,’ with a $200 price target,” Tiernan Ray reports for Barron’s. “He raised his revenue and earnings estimates for this year and next.”
Ray reports, “The Apple brand is untouchable and margins remain high, with “a pile of cash” that could be returned to shareholders in coming years, he writes. Wilson thinks the inclusion of a camera in the new iPod nano could drive sales of the device.”
Ray reports, “For the current fiscal Q4, Wilson sees $9.1 billion in sales and $1.35 in profit per share… For 2009, he sees $35.8 billion and $5.82… and for 2010 he sees $37.2 billion and $5.97.”
Full article here.