Misek hikes Apple price target

|About: Apple Inc. (AAPL)|By:, SA News Editor

Apple's (AAPL) price target is raised to $450 from $405 by Jefferies' Peter Misek who continues to rate the stock a Hold.

While still seeing risk to the Street's current iPhone sales estimates for the December quarter, "recent investor discussions indicate that the buy side is closer to our forecast."

"High-end smartphone saturation" will have many skipping the iPhone 5S and instead waiting for the iPhone 6.

Previous: Misek cuts his PT to $405 in late June.

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