“Thomas Weisel analyst Doug Reid this morning raised estimates on Apple (AAPL) after checking the company’s store trends over the weekend. He sees demand for iPhones and iMacs in December fairing better than expected. Reid has an ‘Overweight’ rating on Apple and today he raised his price target to $250 from $245,” Tiernan Ray reports for Barron’s.
MacDailyNews Take: Dougie’s a wild man.
Ray continues, “The holiday shopping season has seen ‘a sharp increase in the purchase of iPhone as a gift option,’ writes Reid. Reid sees improved iMac sales following the October 20 product refresh and believes there’ll be strong demand throughout the holiday season… Reid also thinks the much-rumored tablet computer could add 15 cents per share to earnings this fiscal year ending September and 72 cents for the following year.”
Full article here.