“Shares of Apple (AAPL) are up $1.84, or almost 2%, at $99.71, bouncing back from yesterday’s nearly 4% decline, as the company responded to claims of bending in the new iPhone 6 Plus,” Tiernan Ray reports for Baron’s.
“Stifel Nicolaus’s Aaron Rakers, who has a Buy rating on the shares, and a $110 price target, raised his estimate for the September quarter for iPhone unit sales to 39.6 million from 37.8 million, and raised his average selling price for the devices to $575 from $560. He also raised his fiscal Q1 estimate for December to 65.3 million from 58.6 million, with an average selling price of $680 from $630,” Ray reports. “BMO Capital Markets‘s Keith Bachman reiterates an Outperform rating, while raising his price target to $110 from $106, after raising his fiscal 2015 iPhone unit estimate to 189 million units from 178.4 million.”
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