Apple price target raised to $240 from $225 at Tigress Financial

Tigress Financial analyst Ivan Feinseth raised the firm’s price target on Apple to $240 from $225 and keeps a Strong Buy rating on the shares. Apple should see a reacceleration in revenue growth driven by a resumption in PC demand, says the analyst, who notes that the firm’s raised target represents a potential return of over 28% from current levels.