Deutsche Bank Raises its Price Target on Apple Shares

Deutsche Bank has raised its price target on Apple (NASDAQ:AAPL) shares to $530 from $500.  The bank has a Buy rating on the shares.  The shares recently traded at $393.33, down $7.97, or 1.95%, on the day.  The shares have traded in a 52-week range of $275 to $422.86 and its market capitalization is $367.43 billion.  About the company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>