“Piper Jaffray’s Gene Munster this morning pounds the tablet for shares of Apple (AAPL) stock, on which he maintains an Overweight rating and a $607 price target, writing that both the ‘buzz’ about new products, and the estimates for the company’s business, should ‘play out well in calendar year 2012,'” Tiernan Ray reports for Barron’s.
“Munster ticks off the possible product updates, including an ‘iPhone 5,’ an ‘iPad [3],’ and ‘potentially an Apple Television,'” Ray reports. “Although Munster is estimating revenue will rise just 13.8% in calendar 2013, he writes that new products could conceivably produce as much as 28% growth in 2013, which would increase his estimate for 2013′s EPS by $5.99 beyond his current $39.31 estimate.”
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