Apple (AAPL) PT Raised to $185 at Nomura/Instinet

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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