By news@appleinsider.com (Mike Peterson) Investment bank Cowen has raised its AAPL price target to $470 on Apple’s better-than-expected June quarter results and its continuing status as a “defensive” stock.Credit: Andrew O’Hara, AppleInsiderDuring the June quarter, sales of iPhones were resilient and strong Mac and iPad demand showed the “durability” of Apple’s portfolio, lead analyst Krish Sankar wrote in a note to investors seen by AppleInsider. The results have set an “encouraging outlook” for Apple into 2021, based mostly on continued Services momentum and the upcoming “…

Source:: Apple Insider