BMO Capital's Keith Bachman has raised his price target for Apple stock from $330 to $355, based largely on increased iPhone predictions. The analyst now suggests that Apple will sell 16.5 million iPhones in the current quarter, whereas a previous estimate called for 15 million. Looking forward he suggests that Apple will sell 60 million iPhones in FY 2011, and 76 million in FY 2012.
