BofA/Merrill Lynch Upgrades Apple (AAPL) to Buy; Sees iPhone Super Cycle

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Apple (AAPL) PT Lifted to $120 at Susquehanna on Richer iPhone Mix

October 7, 2014 6:14 AM EDT

Susquehanna analyst Chris Caso raised his price target on Positive-rated Apple (NASDAQ: AAPL) to $120.00 (from $115.00) after raising estimates after checks showed that production forecasts for iPhone 6 Plus are significantly abovec earlier estimates.

"We conducted a fresh round of supply chain checks over the past few days in order to get a sense of how AAPL's supply chain has reacted to what appears to be a... More