updated 10:35 am EDT, Thu May 8, 2003
Analyst Richard Gardner at Smith Barney (AAPL) to "in-line" from "underperform" on "the belief that the PC maker's recently announced "ITunes" music store could potentially be worth an additional $3 to its share price. Therefore, he raised his price target to $18 from $15. The stock is trading down 15 cents at $17.50. 'While our revised target suggests little upside potential, we see relatively limited downside potential from current levels as well,' Gardner said in a note to clients," according to CBS MarketWatch.