$AAPL-JPMorgan’s M Moskowitz - We are adding shares of Overweight-rated Apple to the J.P. Morgan Analyst Focus List(HIGH RISK)

 

AAPL – update from JPMorgan’s M Moskowitz - We are adding shares of Overweight-rated Apple to the J.P. Morgan Analyst Focus List. Apple stands to be the high-growth, technology leader having no rival for some time, in our view. The iPhone and iPad rapid growth phenomena, coupled with untapped opportunities internationally for Mac, underpin our confidence in the stock's major appreciation potential from current levels. Given the flow-through effects of our upward estimate revisions, we are introducing a Dec-11 price target of $390, versus our prior Dec-10 price target of $316.  Raising F10 EPS from 12.91 to 14.09 and F11 from 14.94 to 17.50.