Lehman Bros. raises Apple’s fiscal 2006 earnings estimates
A note on MarketWatch today reports that Lehman Bros. has raised its fiscal 2006 earnings estimates for Apple to US$1.32 from $1.30 per share.
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Lehman ups Apple price target
Lehman Bros. analyst Harry Blount raised his stock price target for Apple to US$94 from $73 and raised his 2005 earnings and revenue estimates due to evidence that sales of the company’s iPod Shuffle and Mac remain strong, reports CBS Marketwatch. “He reiterated his ‘equal weight’ rating on the stock, however, on the belief that most of the good news is already discounted into the price.
Read MoreLehman upgrades Apple to ‘overweight’
Daniel Niles, an analyst with Lehman Bros., has upgraded Apple Computer to “overweight” from “equal weight,” reports CBS MarketWatch. The reason for the upgrade was Apple’s “solid” back-to-school demand, but Niles also believes the company is heading into a “significant” Power Mac upgrade cycle and expects some additional revenue from the iTunes Music Store. Read More
