by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Barclays Capital analyst Ben Reitzes this morning pounded the table on Apple, repeating his Overweight rating, upping his price target to $143, from $113, and increasing his estimates. For the September 2009 fiscal year he now sees $5, up from $4.85. And for 2010, he goes to $5.95, from $5.60.
The catalyst for his comments: Anticipation of new iPhones to be unveiled in June and an ultraportable device he expects later this year.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Barclays Capital analyst Ben Reitzes trimmed his EPS estimates and target price today on Apple (AAPL). He now expects EPS for the September 2008 fiscal year of $5.21, down from $5.23; for FY ‘09 he sees $5.65, down from $6.05. For FY Q4, he sees $1.11, down from $1.12 previously. Reitzes lowered his target price for the stock to $135, from $180.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
UBS analyst Maynard Um today launched coverage of the PC sector, setting a Buy rating on Apple (AAPL) and Neutral ratings on Dell (DELL) and Hewlett-Packard (HPQ).
Um takes over coverage of the stocks from Ben Reitzes, who now covers the sector for Lehman.
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