Analysts at UBS last night raised their target price on Apple stock from $175 to $182.

The analysts - who rate Apple stock as a 'buy' - cited strong demand for Macs, iPods and iPhones, saying the company's recent price cut on the latter product had stimulated sales.

Apple seems likely to ship more iPhones than previously estimated in the coming months, which will generate further revenue sharing payments from AT&T, said UBS.

EPS estimates for 2007 and 2008 have been raised from $3.72 to $3.73 and from $4.35 to $4.47, respectively.