Apple (AAPL) Estimates Raised at BofA/Merrill Lynch Post Q1; $130 PT Maintained

BofA/Merrill Lynch analyst Wamsi Mohan raised estimates while reiterating a Buy rating and $130 price target on Apple (NASDAQ: AAPL).

Mohan noted iPhone ASPs and margin guidance was solid despite FX headwinds.

The firm's F15 revenue and EPS move to $226bn/$8.63 from $225bn/$8.15.

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 $109.14 yesterday.

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