Piper Jaffray analyst Michael Olson raised his price target for Apple shares to $200 from $196 after surveying 300 iPhone owners. Apple closed yesterday up $3.67 to $166.72. The survey shows “significantly higher upgrade intentions” compared to a similar survey last year, Olson tells investors in a research note. Nearly half of the 300 questioned indicated they are upgrading, but haven’t yet purchased an iPhone 8, suggesting they will buy an iPhone X, the analyst writes. He now has increased confidence that iPhone unit growth in fiscal 2018 will top the Street’s 12% estimate. Olson expects an in-line September quarter when Apple reports on November 2 and he reiterates an Overweight rating on the shares.