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.

Analyst Comments Analyst EPS Change Analyst EPS View

Apple (AAPL) Hits Session Highs on VolumeJanuary 29, 2015 10:07 AM Apple (AAPL) Price Target Raised to $140 at FBN SecuritiesJanuary 28, 2015 10:27 AM Macquarie Has One Word to Describe Apple's (AAPL) Q1 Results - 'Wow!'January 28, 2015 9:53 AM Apple (AAPL) PT Raised to $123 at Nomura; Analyst Asks 'Is it too good to last'January 28, 2015 9:42 AM Apple (AAPL) PT Raised to 'Street-High' $160 at Cantor FitzgeraldJanuary 28, 2015 8:46 AM Apple (AAPL) Price Target Raised to $110 at Deutsche Bank; Analyst Maintains Hold RatingJanuary 28, 2015 8:32 AM Apple (AAPL) PT Raised to $124 at JefferiesJanuary 28, 2015 8:12 AM Credit Suises Sees at Least $10 EPS Power from Apple (AAPL) in 2016; Sees $200B Cash ReturnJanuary 28, 2015 7:56 AM Apple (AAPL) Price Target Raised to $145 at Susquehanna Post Q1January 28, 2015 7:17 AM Apple (AAPL) Price Target Raised to $130 at Goldman Sachs Following Strong Q1 ResultsJanuary 28, 2015 7:03 AM Apple (AAPL) Target Lifted to $130 at BMO Capital Following Q1 ResultsJanuary 28, 2015 6:41 AM Apple (AAPL) Produces Solid Q1, Outlook; iPhone 6/6+ Tailwind Key to N-T EPS Gains - CowenJanuary 28, 2015 6:00 AM Apple (AAPL) Tops Q1 EPS by 46c, Sales BeatJanuary 27, 2015 4:30 PM