As Apple’s stock price continues its slow and steady ascension to the $130 range, it received a small bump today in the form of 2 analyst upgrades.
Following a trip to Cupertino and a visit with Apple CFO Peter Oppenheimer, Kaufman Brothers analyst Shaw Wu increased his target price on Apple to $160, up from a previous price target of $152. In a note to investors, Wu wrote:
Also, Jeff Fidacaro, an analyst over at Susquehana Financial (yeah, you read that correctly), initiated his Apple coverage with a positive rating and a price target of $152.
For the day, Apple’s stock was up $0.38, finishing at $129.57 at the close of trading.