Why One Analyst Sees Apple Shares Rising to $220

Apple shares are up 12% so far this year but one analyst expects further upside ahead.
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Apple (AAPL) - Get Report shares are up 12% so far this year but one analyst expects further upside ahead. 

Angelo Zino, an analyst with CFRA, has a $220 12-month price target on the stock, representing roughly 15% upside from its current level of $190.

Apple is a holding of Jim Cramer's charitable trust