Analyst Ups Apple Inc Share Price Target, Brocade Shows Risk, UPS Has Deal Upside

Apple Inc. (NASDAQ:AAPL): Credit Suisse raised Apple’s price target based on its cash position and to reflect a rolling of EPS forward to 2013. Shares are Outperform rated.

Brocade Communications Systems, Inc.(NASDAQ:BRCD): Wedbush believes the significant decline in Brocade’s Ethernet business in Q1 creates potential risk to full year targets. The firm maintains a Neutral rating on the stock with a $5.50 price target, but notes the company’s Q1 results were solid.

Medivation, Inc. (NASDAQ:MDVN): Medivation price target raised to $87 from $81 at Citigroup

United Parcel Service, Inc.(NYSE:UPS): William Blair expects negotiations between UPS (NYSE:UPS) and TNT Express (TNTEY) to continue with the possibility of a higher bid from FedEx (NYSE:FDX). The firm believes a potential deal at a reasonable price would be positive for UPS, as it would strengthen the company’s position within the European express market. William Blair keeps an Outperform rating on UPS shares.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com