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Technology Stocks : Apple Inc.

AAPL 267.41

-1.1%

9:30 AM EST

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From: Moonray	6/12/2014 2:40:08 PM
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Apple Inc. (AAPL) Price Targets Raised By Multiple Firms Hilliard Lyons also raises estimatesIn a report dated June 11, 2014, Hilliard Lyons analyst Stephen Turner also adjusted his model for Apple Inc. ( NASDAQ:AAPL) in the wake of the stock split. He has a Long-term Buy rating and has increased his split-adjusted target price from $90 to $124 per share. He cited “improving fundamentals, successful use of cash” and a “higher level of confidence in management’s ability to execute.” Turner is projecting third quarter earnings per share of $1.20 (split-adjusted) on $37.87 million in revenue. That’s compared to his previous estimate of $1.19 per share on revenue of $37.5 billion in revenue. For the full year, his revised earnings per share estimate is now $6.27, compared to $6.26 previously. For the 2015 fiscal year, the analyst’s estimate increases from $6.78 to $6.83 per share. More at: valuewalk.com Price Target of $124/share? That would be $868 on the pre-split stock. Guess that makes Hilliard Lyons analyst Stephen Turner the new AAPL king-of-the-hill. Haven't seen anything higher. 'Course using his price and 2015 earnings, that would make AAPL's PER 18+. I think not. o~~~ O

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