10.08.2009 22:50 Uhr, Quelle: MacNN

UBS raises AAPL target to $170, pushes buy rating

UBS analyst Maynard Um has issued a new investor note, raising Apple's stock target from $160 to $170, while calling for a "Short Term Buy" rating. The new target is based on the assumption of a higher cash balance by the end of FY10. The rating is based on a more complex set of factors, but mainly a full quarter of refreshed MacBook sales, as well as continuing expansion of the iPhone 3GS to ot

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