Piper Jaffray Raises Apple Inc. Price Target
Gene Munster of Piper Jaffray reiterated his Buy recommendation on Apple Inc.(NASDAQ: AAPL), but raised his price target to $120 from $105, although he did warn of iPhone 6 early sales comparisons.
Munster said the company may launch new products and services that could give investors optimism that the platform theme is expanding.
With shares of Apple last trading at $103.50, Munster's new price target represents potential upside of about 16 percent.
Latest Ratings for AAPL
|Apr 2017||Morgan Stanley||Maintains||Overweight||Overweight|
|Apr 2017||Credit Suisse||Maintains||Outperform||Outperform|
|Apr 2017||Pacific Crest||Maintains||Overweight|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.