Prudential ups Apple target; says Mac, iPod sales to boost earnings

Apple Store“Apple Inc.’s share-price forecast was increased 8.7 percent at Prudential Equity Group LLC, which said rising sales of Macintosh computers and iPods as well as the introduction of the iPhone will boost earnings,” Lynn Thomasson reports for Bloomberg.

“‘We have become more optimistic about Apple’s growth prospects – both for existing and new products,’ Prudential analyst Jesse Tortora wrote in a note to clients,” Thomasson reports.

“Tortora, who has an ‘overweight” rating on Apple, boosted his share-price forecast by $10 to $125,” Thomasson reports.

Full article here.


  1. OK, OK, where is that lady who says to sell, sell, sell????

    It reminds me of that movie Trading Places, where the rich stock broker and poor black guy trade places. ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />

    “Buy, buy, buy” ——- “Sell, sell, sell!! ” ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />


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