BofA/Merrill Lynch Ratchets Up Apple Price Target to $770

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Another day and yet another Apple (Nasdaq: AAPL) price target hike.

BofA/Merrill Lynch raised its price target on Buy-rated Apple (NASDAQ: AAPL) from $730 to $770, telling clients to Buy the stock ahead of Q2 results on April 24.

The firm raised 2012/2013 EPS estimates from $44.65/51.33 to $47.06/$54.20.

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $622.77 yesterday, with a 52 week range of $310.50-$644.00.

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