Bay Biz Buzz: Analyst raises Apple share target

Cupertino-based Apple Inc. will be able to maintain “disproportionately” high profit margins on the iPhone, said Toni Sacconaghi, an analyst at Sanford C. Bernstein & Co., who raised his price target on the shares 12 percent to $185. The iPhone should have faster growth than the handset market overall without Apple having to materially lower …

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