Lehman raises stock price target for Apple Computer citing busy retail traffic, strong iPod demand

“Lehman Bros. raised its stock price target for Apple Computer (AAPL) to $64 from $46 and fourth-quarter earnings and revenue forecasts on expectations that busy retail traffic and strong demand for iPods will continue through the holiday season. Analyst Harry Blount lifted his earnings estimate to 45 cents a share to 41 cents and his revenue forecast to $3.1 billion from $2.9 billion,” Tomi Kilgore reports for CBS MarketWatch.

Full article here.

1 Comment

  1. Seems like Lehman Bros. is a bit late. either that or they are extremely conservative and have no clue as to what they are doing since the stock has already reached those levels.

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