Apple price target raised to $197 from $183 at Barclays

Barclays raised the firm’s price target on Apple (AAPL) to $197 from $183 and keeps an Underweight rating on the shares post the fiscal Q1 report. Apple’s March quarter outlook “is a slight guide-down though likely better than some feared,” the analyst tells investors in a research note. The firm says Apple is calling for March quarter revenues to grow low- to mid-single digit year-over-year, missing the Street. Barclays’ forward estimates are little changed.