Lehman Bros. raises AAPL target, earnings, revenue
updated 08:20 am EST, Tue December 7, 2004
AAPL target raised
Lehman Bros. for Apple to $64 from $46 and fourth-quarter earnings and revenue forecasts on expectations that busy retail traffic and strong demand for iPods will continue through the holiday season, according to CBSMarketWatch.com: "Analyst Harry Blount lifted his earnings estimate to 45 cents a share to 41 cents and his revenue forecast to $3.1 billion from $2.9 billion. He reiterated his 'equal weight' rating, however, on the belief that the stock already reflects strong results."
