Piper Jaffray Reiterates Overweight on AAPL

Piper Jaffray has issued a report raising the Price Target on Apple AAPL from $554 to $607 a share. According to the report, "We are reiterating our Overweight rating on shares of AAPL, and raising our price target froom $554 to $607 based on a series of upcoming poential catalysts. Apple exceeded Street EPS estimates by 37%, which is 16 percentage points better than a typical Apple beat." AAPL has a Neutral Rating and closed at $376.85 yesterday.