Morgan Keegan Sees Apple (AAPL) Shares Rising to $800, Sets New Street-High Target

March 19, 2012 3:22 PM EDT Send to a Friend
Get Alerts AAPL Hot Sheet
Price: $524.94 --0%

Rating Summary:
    51 Buy, 13 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Trade AAPL Now!
Join SI Premium – FREE
Following a wave of estimate and target revisions (we count at least 10 raised price targets today alone) on Apple (Nasdaq: AAPL) following news of a dividend and buyback plan, Morgan Keegan's Tavis McCourt has come in with a late-day research note and trumped all the others.

Early Monday morning, Wedbush's Scott Sutherland set a new Street-high price target on Apple shares at $750. Shortly after, FBN's Shebly Seyrafi pushed his target to $760. And now McCourt's target sits at $800, up from a prior target of $650.

McCourt and Morgan Keegan maintain an Outperform rating on shares of Apple.

With the stock up about 2.3 percent to $599, McCourt's new price target represents potential upside of about 34 percent.

Track all the market-moving analyst calls on shares of Apple following the dividend/buyback news with our Analyst Ratings page.




You May Also Be Interested In


Related Categories

Analyst PT Change

Related Entities

Morgan Keegan & Company, Dividend

Add Your Comment