Barclays Capital ups Apple price target to $260

“Barclays Capital analyst Ben Reitzes this morning raised his price target on [Apple Inc. (AAPL)] stock to $260 from $235, writing that his ‘end of quarter checks’ of retail and the supply chain indicate sales of Macs and iPhones are picking up,” Eric Savitz blogs for Barron’s.

“Reitzes has an ‘Overweight’ rating on Apple,” Savitz reports.

“Reitzes sees a major revamp of the iPhone this year, which could expand international carriers and also bring Verizon Communications (VZ) into the iPhone camp in the next fiscal year starting in October,” Savitz reports.

Full article here.

[Thanks to MacDailyNews Reader “James W.” for the heads up.]