“Jefferies raised its price target for Apple shares to $650 from $600 after its channel checks indicated the company is trying to pull forward the launch of the iPhone 6 from around September to July/August,” The Fly on the Wall reports.
“The firm’s checks also indicate Apple’s iWatch remains on track for a first half of 2014 launch and that the 13 inch iPad is coming around June,” The Fly on the Wall reports. “Jefferies raised its 2014 earnings estimate for Apple further above the consensus to $52.85 from $52.24 and keeps a Buy rating on the stock.”
Read more at The Fly on the Wall here.