Shares of Apple Stock edged a bit higher yesterday after RBC analyst Mike Abramsky raised his price target for Apple to $250, up from a previous target of $190.
“Our outlook reflects continued iPhone share gains in domestic and international markets, driven by distribution expansion, more innovations in devices and user experience,” Abramsky wrote in a note to investors.
We should point out, though, that it wasn’t too long ago that Abramsky downgraded Apple Stock with a price target of $70.
Fortune has the full scoop over here.
Tue, Aug 18, 2009
Finance, News