Canaccord Genuity Analyst Impressed with MacBook Refresh; Raises Numbers on Apple (AAPL); Reiterates 'Top Pick'

June 12, 2012 8:43 AM EDT
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This morning, Canaccord Genuity reiterated a 'Buy/Top Pick' on Apple (Nasdaq: AAPL) and raised it's price target to $800.

Analyst, T. Michael Walkley, was impressed with the MacBook refresh. Walkley also feels that despite a near-term dip in iPhone sales, the iPhone 5 launch (in probably Sept/Oct) will add another boost (while Mac sales help offset sales dip temporarily).

Walkley said, "With our increased MacBook unit and ASP assumptions, we are raising our F2012 EPS estimate from $43.62 to $45.46 and our F2013 estimate from $55.34 to $57.15."

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