Apple price target raised to $241 from $223 at Rosenblatt

Rosenblatt analyst Barton Crockett raised the firm’s price target on Apple (AAPL) to $241 from $223 and keeps a Neutral rating on the shares. The company announced a “solid update” to its core iPhone lineup, with notable improvements in camera capabilities and battery time, the analyst tells investors in a research note. Rosenblatt assigns a higher multiple to Apple shares to reflect higher confidence in its model following the launch event and Google’s antitrust ruling.