Apple (AAPL) PT Raised to $146 at Barclays

Barclays raised its price target on Apple (NASDAQ: AAPL) to $146.00 (from $123.00) while maintaining a Equalweight rating.

Analyst mark Moskowitz believes the main focus is the new iPhone launch. He comments that investors have failed to focus on fundamentals over the last three quarters and believes the only hurdles the company faced where tied to the potential of an iPhone franchise slid. He believes the first quarter following the new launch could be "pretty big" when it comes to gauge how well the iPhone franchise is doing.

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