Am Tech/JSA Research reiterates ‘Buy’ on Apple Computer, raises price target to $99

Am Tech/JSA Research has reiterated their “Buy” rating on Apple Computer, Inc. and raised their target price to $99 from $92 “as they continue to believe that their previous forecast of 14 mln iPods would likely turn out conservative given stronger than expected momentum from special edition RED nanos. In addition, firm’s analysis of post-Black Friday sales has indicated that shuffles are also seeing better than expected trends, particularly in non-AAPL retail channels,” Briefing.com reports.

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