Sterne Agee lifts its price target for Apple (AAPL) shares to $740 from $620, just a hair below...

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

Sterne Agee lifts its price target for Apple (AAPL) shares to $740 from $620, just a hair below the Street high, and says the new iPad launch has been stronger than expected. AAPL yesterday announced the sale of 3M iPads in its first few days; analysts now expect sales of 60M iPads in 2012, up from earlier estimates of 55M. AAPL -0.4% premarket.