Morgan Keegan hikes Apple price target from $513 to $650

Morgan Keegan analysts today hiked their price target on Apple shares from $513 to to $650 after the world’s most valuable company reported mind-boggling numbers for fiscal Q1 2012.
“From a valuation perspective, we believe 15 times our calendar 2012 EPS estimate should be a reasonable valuation for Apple given what we believe should continue to be substantial double-digit EPS growth beyond 2012. This equates to a $650 price target,” Keegan analysts wrote in a note to clients.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s