Apple (AAPL) Estimates Raised at BofA/Merrill Lynch Post Q1; $130 PT Maintained
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Price: $336.64 -1.11%
Rating Summary:
46 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 14 | New: 37
Rating Summary:
46 Buy, 28 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 14 | New: 37
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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.
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