First Albany has raised its earning estimate and stock price target for Apple, reports CBS Marketwatch. The firm cited higher expectations for iPod products, iMacs, retail stores and iTunes. Analyst Joel Wagonfeld, who reiterated his “buy” rating, increased his fiscal 2005 earnings estimate to US$1.35 a share from $1.17 and revenue forecast to $10.8 billion from $10.2 billion. In addition, the analyst lifted his stock price target to $61 from $53.