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Broadpoint.AmTech boosts Apple price target to $260, says Apple ‘remains best tech co. on planet’

Parallels Desktop 5 for Mac “Broadpoint.AmTech analyst Brian Marshall boosted his [Apple Inc. (AAPL)] target this morning to $260, from $235, repeating his Buy rating,” Eric Savitz reports for Barron’s.

Marshal “sees 11.3 million [iPhone] units in the quarter, above the Street at an estimated 8.8 million,” Savitz reports. “Marshall says the iPhone is now sold in about 90 countries, by more than 140 carriers.”

Savitz reports, “The analyst writes that Apple ‘remains the best technology company on the planet.'”

Full article here.

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