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MrWhy.com » Videos » UBS Raises Price Target for Apple to $510, Reiterates Buy |
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UBS Raises Price Target for Apple to $510, Reiterates Buy
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UBS Raises Price Target for Apple to $510, Reiterates Buy
UBS raised its price target for Apple Inc (NASDAQ:AAPL) to $510 from $495 today, while reiterating its buy rating on the stock.The bank said it anticipates further pull along sales of Apple’s hardware as the greatest impact from Apple's new data center, iCloud. It expects iCloud to contribute about $0.10 per quarter in EPS on its own as well.UBS increased its 2011 EPS estimate to $25.11 from $24.81, vs. the consensus estimate for $24.72 per share, and its 2012 EPS estimate to $28.91 from $25.82, vs. the consensus estimate for $28.60 per share.Apple has a potential upside of 30.1% based on a current price of $350.95 and an average consensus analyst price target of $456.54.
Video Length: 0
Date Found: June 01, 2011
Date Produced: June 01, 2011
View Count: 0
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