In a research note published this morning, Analyst Keith Bachman of Banc of America Securities maintains his “neutral” rating on Apple Computer and mentions that “the company is poised to witness customer base expansion in the forthcoming quarters. The analyst expresses his concern, however, regarding Apple Computer’s limited presence in the low-end markets.” The company’s fundamentals remain healthy, Banc of America Securities adds. The target price is set to $35. Full article here.
In related news, analysts at Merrill Lynch yesterday reiterated their ‘buy’ rating on Apple Computer and raised their target price from $32 to $38.