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Needham & Co raises Apple’s target price

Analysts at Needham & Co published a research note yesterday whereby they reiterated their “buy” rating on Apple, and raised the company’s target price from US$43 to $62, notes This follows on the heels of Piper Jaffray’s announcement Monday that it increased Apple’s price target to US$100 from $52, which caused Apple’s stock price to surge.

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