“UBS raised its forecasts for Apple Computer Inc. (AAPL) on Monday saying a survey of U.S. retailers showed strong demand for its higher margin Photo iPods and Mini iPods as well as iMacs and accessories which the broker said were all selling ‘very well,'” Madeleine Acey reports for CBS MarketWatch.
“The broker upped its share price target to $77 from $66 on a raised FY 2005 revenue forecast of $11.1bn (was $10.9bn), it now sees EPS for the year at $1.40, up 10c. UBS increased its first quarter earnings per share forecast by 3c to 46c. For FY 2006 it increased its EPS and revenue forecasts to $1.75 (was $1.60) and $12.6bn (from ($12.2bn),” Acey reports.
Full article here.
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