Analysts at UBS have reiterated their “buy” rating on Apple Computer (AAPL) and raised their estimates for the company. The target price is set to $54. UBS also stated that Apple Computer’s $3.5 billion revenue and $0.32 EPS guidance for 4Q reflects low iPod sales assumptions and the company’s cautious stance on Mac sales due to the upcoming transition to Intel. UBS raised EPS estimates for 4Q05 from $0.34 to $0.35 and for 2006 from $1.60 to $1.65, respectively.
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