It seems analysts just can’t raise their price targets on Apple fast enough.
CLSA launched coverage with a ‘Buy’ rating and a $260 price target on the stock. And as we told you in Tuesday’s Web Extra Calyon initiated coverage of Apple with a 'Buy' rating and a $260 price target. Is there any chance?
The center of analysts' affection is the much-rumored, but yet-to-be confirmed, Apple tablet device, writes Fast Money series producer John Melloy in his blog.
The device will have a 10.1 inch LCD screen, e-reading capabilities and will be likely launched by late March or April, according Yair Reiner, Oppenheimer analyst, in a note late yesterday. "We have not adjusted our model to show the impact of the tablet, but we believe it will be substantial," wrote Reiner.
What else does he have to say about the new gadget? Check out our entire interview with Reiner. Watch the video now!
