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Piper Jaffray raises Apple price target to $429

October 19th, 2010 link to (permalink)

Piper Jaffray has raised the price target on shares of AAPL to US$429 following yesterday's financial report from Apple. The company posted its first $20 billion quarter, beating expected earnings. In addition, Piper Jaffray raised FY11 revenue growth rate from 24% to 32%.

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