Apple Faces Long-Term Margin Questions and 3 More Research Notes to Look Over

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Apple (NASDAQ:AAPL): RW Baird has raised its price target on Apple to $525 from $450 following Apple’s report of its first weekend of iPhone 5S and 5C sales. The firm has raised its estimates on Apple, as well, to reflect higher gross margin assumptions and Apple’s positioning over the next 12 months. However, Baird maintains its Neutral rating due to longer-term margin and competitive questions.

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