Apple (AAPL) Price Target Raised to $108
APPLE COMPUTER INC. (AAPL.O: Quote, Profile, Research)
Current Prior Price target $108 $95
UBS said its checks point towards solid iPod sales for new shuffles and certain nanos along with momentum in Macs and prospects for higher accessories and software longer-term. Given prospects for new iPods and with Mac sales momentum driving software and peripherals, the brokerage said it raised its fiscal 2007 earnings per share estimate to $2.84 from $2.75. UBS also raised its fiscal 2008 estimates for the company to $3.35 from $3.15. The brokerage reiterated its "buy" rating on the iPod maker's stock.
Source: Reuters.com
Current Prior Price target $108 $95
UBS said its checks point towards solid iPod sales for new shuffles and certain nanos along with momentum in Macs and prospects for higher accessories and software longer-term. Given prospects for new iPods and with Mac sales momentum driving software and peripherals, the brokerage said it raised its fiscal 2007 earnings per share estimate to $2.84 from $2.75. UBS also raised its fiscal 2008 estimates for the company to $3.35 from $3.15. The brokerage reiterated its "buy" rating on the iPod maker's stock.
Source: Reuters.com
posted by Stock Administrator @ 9:49 AM
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