Bank of America (NYSE:BAC) Latest to Raise Apple (NASDAQ:AAPL) PT on Verizon (NYSE:VZ) iPhone

There's no escaping the impact on Apple (NASDAQ:AAPL) as they offer their iPhone on the Verizon (NYSE:VZ) network, as Bank of America (NYSE:BAC) is the latest to give Apple a boost, increasing their price target on the company.

Talk about shares having the impact of a product already priced into it. There will be no surprised here but good ones for Apple shareholders.

Bank of America said, "We expect a Verizon iPhone to be introduced in early C2011, based on checks in Asia, and we are now baking Verizon into our estimates. Our checks indicate at least 8 million CDMA iPhones likely being produced over the next 6-9 months. We believe sell-side analysts are split on including Verizon, which is somewhat distorting consensus estimates and indicates that EPS estimates should move higher, all else being equal."

Apple closed Thursday at $319.76, down $1.25, or 0.39 percent. Bank of America has a price target of $420 on them, raising it from $405.