Carl Icahn says Apple (AAPL) is still 'undervalued and misunderstood'

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Apple (AAPL) Price Target Raised to $160 at FBN

April 28, 2015 11:37 AM EDT

FBN Securities maintained an Outperform rating on Apple (NASDAQ: AAPL) and raised its price target to $160.00 (from $140.00). The change follows Q2 results. Analyst Shebly Seyrafi was impressed by iPhone and greater China sales.

"The strong iPhone sales were driven by strong sales in Asia (China iPhone sales grew over 70%... More