Analyst Steven Fortuna of Prudential Financial has reiterated his rating of “overweight” on Apple Computer (AAPL). Fortuna also raised his estimates for the company, setting the target price to to $55.

Fortuna also raised EPS estimates for financial year 2005 from $1.33 to $1.45 and from $1.61 to $1.75 for financial year 2006.

Related MacDailyNews articles:
First Albany reiterates ‘buy’ on Apple Computer, raises estimates – July 14, 2005
UBS reiterates ‘buy’ on Apple, raises estimates, sets share target price to $54 – July 14, 2005
Apple smashes street with record revenue, earnings; shipped 6.155 million iPods – July 13, 2005