What’s Driving Wall Street’s Apple Optimism? Almost Everything

(Bloomberg) — Apple Inc. looks like an attractive investment no matter which aspect of the business you examine, according to analysts who are growing steadily more optimistic about the stock’s prospects.At least a dozen Wall Street firms have raised their Apple price targets this month alone, lifting the average to nearly $343, up from $305 at the end of April. UBS, Deutsche Bank, Bernstein, Citi, BofA and Morgan Stanley are all among the firms turning more positive, although the higher average still implies downside of more than 7% from current levels.Shares of Apple rose 3.3% on Tuesday, hitting an intraday …read more

Source:: Yahoo Finance

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