toggle

AAPL Stock: 565.32 ( -5.24 )

Smith Barney upgrades Apple to "Buy"

updated 12:35 pm EDT, Fri July 2, 2004

Smith Barney upgrades AAPL


has upgraded its rating on Apple to Buy, despite yesterday's news that Apple's next iMac won't be ready until September. Smith Barney is maintaining a $37 12-month price target for the stock. "Catalysts between now and year-end include the launch of iPod mini in Europe in July, download data updates from the recent launch of iTunes Music Store in Europe, iPod orders from new partner HP beginning in July, volume shipments of the new PowerMac G5 in 3CQ, the launch of the new flat panel iMac late in 3CQ and, finally, the opening of additional retail stores in Europe," the firm's research note reads. "We would be aggressive buyers on this morning's weakness."


by MacNN Staff

print
email
(3)

TAGS :

 Investor

Related Articles

Recent Articles

toggle

Comments

  1. MacnTX

    Fresh-Faced Recruit

    Joined: Apr 2004

    0
    07/02, 03:07pm | report spam | Reply |

    Stunning

    I continue to be stunned by the analysts today. How did they all of a sudden figure it out when it comes to Apple after all these years???

  1. cebritt

    Fresh-Faced Recruit

    Joined: Mar 2000

    0
    07/02, 06:32pm | report spam | Reply |

    It's the same old adage.

    ...buy on rumors, sell on news.

  1. HeatherEcsedi

    Fresh-Faced Recruit

    Joined: Oct 2001

    0
    07/05, 02:00am | report spam | Reply |

    Analysts

    Analysts are just a bunch of 6 years old freaky girls. Anything irrelevant happens, shares go down for no reason.

    It looks like people at Smith Barney are smarter than analysts at other financial companies. They rely on facts and are able to determin a course of action. And let's not forget Tiger on the way. It will only come later in 2005 but it looks very promising. Check out the keynote if you haven't yet.

Login Here

Not a member of the MacNN forums? Register now for free.

 
close
Photo
toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

iHome iW2 AirPlay speaker

iHome generally isn't known as a luxury brand when it comes to audio, but it is prolific -- the company's docks and speakers are every ...

Logitech Ultrathin Keyboard Cover

One of the iPad's main weaknesses has always been productivity. It's not a question of apps; while it has taken a little time for a na ...

Logitech UE Air Speaker

If maybe a little more slowly than Apple would like, AirPlay is becoming a staple of the wireless speaker market for iOS devices. The ...

toggle

Most Commented

 

Popular News