TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer wasn't so fond of the timing of Bank of America Merrill Lynch's price target raise for Apple (AAPL) - Get Report(to $250 from $230).
"The stock has just had a very big move," Cramer noted. "Why not wait until it comes down - I like recommendations that are done on the downside - where they're not just catching up in terms of the price to earnings multiple."
Apple was the first company to cross $1 trillion in market cap earlier this month.
Apple is a holding of Jim Cramer's charitable trust Action Alerts PLUS.