Apple: Barclays Expects New iPhones; Ups Target, Estimates
Barclays Capital analyst Ben Reitzes this morning pounded the table on Apple (AAPL), repeating his Overweight rating, upping his price target to $143, from $113, and increasing his estimates. For the September 2009 fiscal year he now sees $5, up from $4.85. And for 2010, he goes to $5.95, from $5.60.
The catalyst for his comments: Anticipation of new iPhones to be unveiled in June and an ultraportable device he expects later this year.