toggle

AAPL Stock: 128.46 ( -1.96 )

Printed from http://www.macnn.com

Apple shares rise on new Nano hopes

updated 03:10 pm EDT, Mon July 31, 2006

New Nano hope bumps AAPL

Apple shares rose 2.2 percent today to $67 following an upgrade on the stock by Bank of America analyst Keith Bachman. The upgrade was prompted by high demand for Apple notebooks, as well as the expected launch of a new iPod nano later in the year, according to MacNewsWorld. Bank of America upgraded Apple to 'buy' from 'neutral,' raising its price target from $68 to $79 on beliefs that iPod earnings could boost profits by 8 cents to 12 cents per share. The firm noted, however, that it is not taking into account the possible launch of the rumored iPhone.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Moshi iVisor AG and XT for iPad Air 2

Have you ever tried to put in a screen protector that relies on static to cling to the screen? How many bubbles and wrinkles does it h ...

OmniPlan (OS X, iOS)

We reviewed the Omni Group's most famous Mac software, a To Do app called OmniFocus, back in June 2014, and we were impressed. Some o ...

Epson PowerLite Home Cinema 3500 projector

Trying to find the perfect projector for a home theater can be tricky, as there are bountiful options on the market from a large numbe ...

toggle

Most Commented