Piper Jaffray Maintains Overweight Rating and $607 PT on Apple

A report from Piper Jaffray reiterates its Overweight rating and $607 price target on Apple (NASDAQ: AAPL).The report states, “As part of Piper Jaffray's 22nd bi-annual Teen Survey completed in Oct-11, we asked teens to write in items at the top of their "wish list." Wish list trends over the last 4 years are positive for Apple, particularly with iPhone and iPad, the areas of highest interest to AAPL investors. About 11% of teens specifically mentioned an Apple product at the top of their wish list in Fall-11, up from 7% in Fall-08.”AAPL closed Friday at $363.57.