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AAPL Stock: 118.63 ( -2.67 )

Printed from http://www.macnn.com

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."




by MacNN Staff

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