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Apple Rising: iPhone Estimates Go Higher at Stifel, Deutsche

The parade of Apple (AAPL) target price increases continues this morning, with both Stifel Nicolaus and Deutsche Bank raising expectations for Stifel’s Aaron Rakers, who has a Buy rating on Apple stock, raises his price target to $130 from $120, raises his estimates for both the September quarter and the December quarter: We are increasing our F4Q16 revenue and EPS estimates from $45.
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