Apple gains in pre-open trading
Gene Munster, an analyst with Piper Jaffray reiterated his outperform rating but raised his stock price target to US$79 from $68, after his checks with Apple stores and third-party retailers indicated that iPod demand was very strong, notes MarketWatch. In addition, Deutsche Bank’s Chris Whitmore affirmed his buy rating, raised his stock price target to $78 and upped his 2006 earnings estimate to $1.85 a share from $1.70.
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