Credit Suisse Raises Estimates and Price Target on Apple (AAPL)

Credit Suisse raised Q2 estimates on Apple (Nasdaq: AAPL), citing better-than-expected demand for Macs and iPhones. The firm also raised its price target on Apple to $133.

The firm now sees Apple earning $1.09 in the second quarter on revenues of $7.76 billion. For the year, the firm now sees Apple earnings $5.11 per share on revenues of $34.5 billion.

With shares of Apple trading up 2.8% to $119.56 this morning, Credit Suisse's new price target suggests upside of about 11% from current levels.

For more analyst ratings on AAPL click here.

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