Lehman Brothers has upped Apple Computer price target to $78 from $60.
Lehman cited “an improved outlook for iPod sales. Analyst Harry Blount added that Apple’s fully refreshed product line in the last 6 months market “the biggest product refresh cycle in the company’s history.” He raised his iPod unit shipment estimate to 12.6 million from 8.7 million, his fiscal first-quarter earnings estimate to 57 cents a share from 49 cents and his revenue forecast to $5.6 billion from $4.7 billion. He raised his target to $78 from $60, but maintained his equal weight rating on the stock,” Tomi Kilgore reports for MarketWatch.
Full article here.
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“Lehman Brothers has upped Apple Computer price target to $78 from $60.”
– 12/16/2005
Wow. Late to the party much, Lehman Brothers?
At the top of my page the current price was $71.60, down $0.58.
Very much behind the times.
In other news, I just got an alert from my Lehman Brothers broker to dump all shares of “Buggy Whips Inc.”.
Snargh! Up is not a verb; it is a preposition. Harumph! Snort!
Sorry beryllium, but according to the Oxford Dictionary it is.
verb ( upped , upping ) 1 [ intrans. ] ( up and do something) informal do something abruptly or boldly : she upped and left him. 2 [ trans. ] cause (a level or amount) to be increased : capacity will be upped by 70 percent next year. 3 [ trans. ] lift (something) up : everybody was cheering and upping their glasses. • [ intrans. ] ( up with) informal raise or pick up (something) : this woman ups with a stone.
Up is also an adverb an adjective, and even a noun.