NEW YORK (TheStreet) -- Apple (AAPL) shares are up 1.7% to $95.69 on Monday after analysts at Pacific Crest upped their price target to $100 from $93.
The upgraded outlook stems from what the firm expects will be higher than projected iPhone 6 sales during the second half of this year.
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TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLE INC (AAPL) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."