Analysts at UBS today reiterated their “buy” rating on Apple Computer (AAPL). The target price has been reduced from $95 to $90.
Also today, “Merrill Lynch today lowered its June quarter iPod sales estimates from 10.7 million to 9.2 million based on a deceleration in March. The firm cut fiscal year 2006 iPod sales estimates from 47.1 million to 43.4 million, and adjusted June quarter revenue and earnings per share estimations to reflect Apple’s financial results during its second quarter. Merrill Lynch expects Fiscal 2006 earnings per share to total $2.13, down from $2.20, and fiscal 2007 estimates fell to $2.84 from $2.94,” MacNN reports.
Full article here.
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