Shares of Apple Computer (AAPL : $72.5801, +$2.5501, +3.64%) are rallying to hit a 4-month high, “and have now gained 42% since closing at a 9-month low of $50.67 on July 14. Analyst Benjamin Reitzes at UBS said he believes Apple will unveil on Sept. 12 ‘a major move into the digital home’ which may have the potential to multiply its revenue streams,” Tomi Kilgore reports for MarketWatch.
“Reitzes said the move could also result in higher sales of Mac computers. Reitzes also reiterated his buy rating on the stock, but raised his price target to $92 from $80,” Kilgore reports.
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UBS hikes Apple price target to $92, maintains ‘buy’ rating – September 07, 2006