Apple Price Target Upped Slightly at Nomura

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Nomura Securities kept their Neutral rating on Apple
AAPL
, although they did up the price target from 95 to 104. In a note out this morning, Nomura analyst Stuart Jeffrey touched on valuation and EPS growth, saying that shares of AAPL, although not expensive, are trading toward the upper end of their recent valuation range. He also hinted that the upside in EPS beyond 7.43 per share will be challenging. " Nomura did raise their estimates slightly, with 2014 going from $6.25 to $6.29 and 2015 from $6.46 to $6.95 per share. Shares of AAPL are higher by 0.82 percent at 103.25, just below the recent price target of Nomura.
Posted In: News
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