This morning, UBS increased its price target on shares of Apple (NASDAQ:AAPL) t o $560 as the 5C iPhone should generate higher margins than previously thought. In the report, UBS increased its EPS estimates as well. Shares of Apple were higher by 0.9% on the news.
Credit Suisse increased its price target on shares of Bank of America (NYSE:BAC) to $14 as cost cutting efforts will continue to benefit earnings. With the higher price target, Credit Suisse maintained its neutral rating. Shares of BAC were modestly lower on Wednesday, falling 0.2%.
And Jefferies increased its EPS estimates on shares of Best Buy (NYSE:BBY) through 2014 following stronger-than-expected earnings this week. In the report, Jefferies noted that both sales and margins were improving. Jefferies reiterated its buy rating and set a new $40 price target. Shares of Best Buy were giving back some of this week's gains, falling 1.4% today.
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