Rosenblatt analyst, Jun Zhang, reiterated his Buy rating on shares of Apple (NASDAQ: AAPL) noting that Apple will ramp up production of the new LCD iPhone model earlier than expected, and production volume will be larger than the market expects for the September quarter.

The analyst stated "We are raising our price target to $200 due to solid iPhone shipments, strong service revenue growth, and other new product ramping, including the iPad Pro and new wearables".

No change to the price target of $200.

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Shares of Apple closed at $197.50 yesterday.