Canaccord's T. Michael Walkley is reiterating his Buy rating on Apple (AAPL) and boosting his PT...

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

Canaccord's T. Michael Walkley is reiterating his Buy rating on Apple (AAPL) and boosting his PT to $500 from $485. EPS estimates for FY2011 and FY2012 are also being lifted. Walkey's June channel checks indicated strong demand for the iPhone and iPad. This dovetails with Pacific Crest's report yesterday of strong iPhone demand.