“Analysts at Credit Suisse upped their price target on Apple Inc. to $140 from $130 on Thursday morning,” Amanda Schiavo reports for TheStreet.
“The firm said it raised its price target on the iPad maker based on the apparent strong demand for the iPhone,” Schiavo reports. “‘We conclude that Apple likely has over 400 million iPhone users. Based on this analysis and taking into account a superior ecosystem, compute advantage and quickening replacement rate, we conclude that our already above consensus EPS projections of $9.25/$10.04 for CY2015/CY2016 may be conservative,’ Credit Suisse said.”
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Apple shares hit new all-time intraday and closing highs – February 4, 2015