“JP Morgan Securities raised its price target on Apple Inc. by 4.5 percent, citing better-than-expected growth momentum for Mac, iPhone and iPod,” Mansi Dutta reports for Reuters.
“The upside potential is expected to remain in Mac and iPhone moving through 2010, analyst Mark Moskowitz, who reiterated his ‘overweight’ rating on the stock, said,” Dutta reports. “The analyst raised his estimates for the December quarter and his price target to $230 from $220 on the stock.”
“‘Our conversations with industry contacts suggest that the Mac shipment levels have improved over the last two weeks,’ Moskowitz said. He raised his unit estimate to 3.29 million from his prior view of 3.17 million… The analyst raised his unit estimates for iPhone by about 8 percent to 8.18 million and for iPod to 21.97 million from 21.62 million,” Dutta reports.
Full article here.