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AAPL Stock: 562.29 ( -3.03 )

AAPL upgraded to 'Buy'; $23 target

updated 10:00 am EDT, Wed June 18, 2003


Needham today from 'Hold' to 'Buy' based on "the strength of accelerating iPod sales, a possible rebound in PowerMac sales beginning this fall, and the fact that AAPL is abandoning its long-standing strategy of confining its software to the Mac platform, which will enable [it] to target its digital entertainment products and services at the entire market." The company set the target value of AAPL at $23.


by MacNN Staff

 
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