Analyst Daniel Niles of Lehman Bros. has upgraded Apple Computer (AAPL) to “overweight” from “equal weight,” citing “solid” back-to-school demand. Niles also believes the company is at the very beginning of a “significant” PowerMac upgrade cycle, and expects incremental music related revenue, according to CBS MarketWatch.
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$22-$24 target price? Buy! Buy!
So “overweight” is a good thing? Perhaps what he really means is the stock price better slim down… Sell! Sell!