Apple (AAPL) PT Raised to $185 at Nomura/Instinet
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Price: $309.35 -0.63%
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
45 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Nomura/Instinet raised its price target on Apple (NASDAQ: AAPL) to $185.00 (from $175.00) while maintaining a Buy rating.
Analyst Jeff Kvaal says the company's strong user base and pent-up demand ahead of the new iPhone release drives his price target higher. The analyst believes promotions will sustain demand and assumes the phone is "cool enough to sell at ~$1,000."
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