“Bear Stearns maintained an ‘outperform’ rating and established a 2006 target price of $58 on Apple Computer (AAPL), saying near-term trends for the company remain strong,” David Ng reports for Forbes.
“‘We see Apple making further PC share gains,’ Bear Stearns said, citing the iPod’s drive in a resurgence of the Apple brand. The research firm is modeling sequential CPU unit growth for Apple of 5% and 8% in the calendar third and fourth quarters, which is a conservative set of estimates given Apple’s forecasted market growth of 8% and 15%,” Ng reports.
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