Lehman Brothers has initiated coverage of Apple with an overweight rating and a $195 price target citing sales momentum and Macintosh share gains in Macs along with potential for open-ended growth with new iPhones and more new products.
“‘Despite the economic environment, we do not believe that Apple’s momentum has waned in Macs; in fact, Macs may have reached a tipping point with share on its way toward doubling over the next three to five years,’ the broker said,” Steve Goldstein reports for MarketWatch.
Full article here.
Bring it on. $195++;
Lehman Brothers – Welcome to the party!
I wonder where they’ve been, even these past few years. Maybe they fianlly realized that Microsoft stock never will go anywhere.
Except down!
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Meanwhile, Shaw Wu at AmTech downgraded AAPL to neutral due to valuation (that’s fine) and anticipated guidance (gets us in the craw every time!).
Share price or market share? If you double market share, maybe share price would more than double???
Probably decided that Apple shares were more worthwhile than Collateralized Debt Obligations and all that other sub-prime crap.
In any case. good to have another player on board.
I was doing some masochistic arithmetic this morning and discovered that if somebody played the dozen or so major fluctuations in the market for AAPL over the last ten years, they could have turned $12,500 into around $34 million.
Then I curled up in a ball on the floor and cried.
Bring it on. $220++
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Just goes to show, it’s getting harder to ignore Apple these days…
The only “anal-yst” I care to listen to (or act upon) is Gene Munster of Piper Jaffray. His knowledge of AAPL is extensive, and his track record OVER THE YEARS is spot on. That’s the key for me, at least, a long-term understanding of Apple’s past, present, and future. (Here’s to his projected $250 target!)
Ben Reitzes who was formerly at UBS, is now at Lehman Brothers, and he is a good one to watch. He rarely candy coats his stuff. In the interest of disclosure, we went to school together
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