Tag: boa-apple-buy

Bank of America equity research has upgraded Apple to “buy” from “neutral” and raised its price target to US$79 from $68, citing strong demand for MacBooks and iPod digital music players, notes MarketWatch. “The broker told clients that depending on whether Apple can generate enough additional unit sales in the second half, it sees upside potential to earnings from iPods of 8 cents to 12 cents a share,” according to the story.

A report on Forbes today notes that Banc of America Securities are pleased with the Apple/Intel deal. “On the whole, we believe this is a net positive for Apple’s positioning for the next five years, as the transition will allow it to provide improved performance, better heat and power management, and lower price points, especially for mobile platforms.