Analyst maintains "neutral" rating, $35 target price
updated 06:45 pm EDT, Wed June 23, 2004
BofA: AAPL still \"neutral\"
Analyst Keith Bachman of Banc of America Securities , and its target price to $35, according to New Ratings: "In a research note published this morning, the analyst mentions that the company is poised to witness customer base expansion in the forthcoming quarters. The analyst expresses his concern, however, regarding Apple Computer's limited presence in the low-end markets," but said that the company's fundamentals "remain healthy."
Fresh-Faced Recruit
Joined: Nov 2001
Brilliant... not
This guy gets paid to say that Apple has "limited presence" in a market area where Apple chooses not to compete. As an investor, I think it's a positive that Apple does not try to have ANY presence in a market segment known for cutthroat competition and very low profit margins. If that's the only negative, I think Apple is a BUY.