Apple (AAPL) PT Raised to $320 at Daiwa Securities

Daiwa Securities analyst Louis Miscioscia raised the price target on Apple (NASDAQ: AAPL) to $320.00 (from $297.00) while maintaining a Outperform (2) rating.

The analyst stated "We raise our Target Price to $320, or 21x our adjusted FY21 EPS est. of $15.20, discounting the current PE to the forward year, and we keep our 2/Outperform rating. Our TP and rating assume that the S&P remains unchanged over the next 12 months".

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