JP Morgan raises AAPL price target to $150, with room to grow

By news@appleinsider.com (Mike Peterson) JP Morgan has raised its 12-month price AAPL target to $150 after Apple’s four-for-one split, noting that there are still significant upsides to the stock despite its already rich valuation.Credit: Andrew O’Hara, AppleInsiderIn a note to investors seen by AppleInsider, lead analyst Samik Chatterjee said that while Apple’s rich valuation may no longer be an easy entry point to AAPL, there are still plenty of upcoming drivers and catalysts that “will make it difficult for investors to step away.”…

Source:: Apple Insider