Apple gets a Carl Icahn bounce, other upbeat reports
Apple (AAPL) stock rose Wednesday after the consumer electronics company received two upbeat analyst reports and an endorsement from billionaire investor Carl Icahn. Shares were up 1.5%, near 129, in afternoon trading on the stock market today. Activist investor Icahn said in a Twitter post Wednesday that Apple represents the same opportunity for investors that Netflix (NFLX) offered several years ago. Meanwhile, Morgan Stanley analyst Katy Huberty on Wednesday reiterated her overweight rating and 166 price target on Apple stock. Her checks indicate strong iPhone and Apple Watch demand for the June quarter, she said. “We expect strong iPhone builds to drive positive EPS revision and multiple expansion as we approach the (iPhone) 6S launch,” she said in a research report. For the June quarter, Huberty is expecting iPhone sales of 50 million units, but strong demand could push that to 53 million. And Apple Watch demand is “sustaining after…