Merrill Lynch raises AAPL target to $44
updated 06:00 am EDT, Mon October 4, 2004
Merrill raises AAPL target
Merrill Lynch overnight to $44 from $39, citing the stock's 20 percent discount to Dell based on an enterprise value/sales basis, according to CBSMarketWatch.com: "Dell's valuation may be a more relevant comparable as the two companies' growth rates and margins converge," Merrill told clients. "We are raising our September quarter estimate a penny to 19 cents on stronger iPod and iMac sales."
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Joined: Oct 2000
converge
Looking forward to when Apple and Dell's _market_share_ converge! ;)