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Morgan Stanley analyst meets with Apple execs; finds ‘increasing confidence’ in $540 price target

“Katheryn (‘Katy’) Huberty, Morgan Stanley’s chief Apple analyst, met recently with three of Steve Jobs’ top lieutenants: Peter Oppenheimer, the money man; Ron Johnson, the former Target exec who built the Apple Stores; and Eddy Cue, the senior vice president in charge of Internet services,” Philip Elmer-DeWitt reports for Fortune.

P.E.D. reports, “Huberty came away more bullish on Apple (AAPL) than ever, judging from the note to clients she issued Thursday, with ‘increasing confidence’ in a bull case scenario in which iPhone sales grow 55% per year over the next two years, iPad sales grow 74%, Macs grow 17% and the stock hits $540, up 54% from Wednesday’s close of $349.57.”

Much more in the full article here.

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

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