Jim Cramer Blog

Apple Computer Inc. shares continued to flex their muscles Wednesday, rising 70 cents to $92.47 in early trading. Before the market opened, Bear Stearns analyst Andrew Neff raised his 12-month price target on Apple's stock to $100 a share from $94, saying that he is "optimistic about Apple's continued innovation and twin drivers" of iPods and Intel-based Macintosh computers. Neff said that after meeting with Apple Chief Financial Officer Peter Oppenheimer, the company didn't provide any new financial updates, but that his customer checks show continued strong demand for iPods and Macs.
Source: Marketwatch

Labels: AAPL, Apple, Bear Stearns, BSC, iPod, Mac