Apple Inc (AAPL)

[fmikehugo]

09:09 AAPL Apple: AmTech adds AAPL to focus list; tgt raised to $145 (91.43 ) -Update-

AmTech adds AAPL to their Focus List and raises their tgt to $145 from $118. Firm says that while they have been AAPL bulls for years, they were hoping to see a similar pullback to last year to become even more aggressive in their stance.

Given recent datapoints, they are incrementally bullish and believe investors should buy AAPL aggressively at current levels as they add it to their Focus List today.

Firm notes three reasons for adding AAPL to their focus list: 1) sources indicate that a rebate or carrier subsidy for iPhone of $50-150 is under serious consideration; 2) believe AAPL will be paid a "bounty" for each customer signed up through its stores; and 3) sources indicate that Vodafone is most likely iPhone's European carrier partner.