updated 09:40 am EDT, Tue May 24, 2005
Apple, Pixar stocks
Tech and entertainment shares surged as investors yesterday , investors seemed to embrace the rumors, which if true, could lead to less expensive Macs. Also boosting the Dow was Pixar, the animation studio run by Apple CEO Steve Jobs. The company was upgraded to "overweight" by Prudential Equity Group, with a new price target of $75 a share, on the belief the company eventually will produce more than one major animated film each year.