View this article at: http://dev.macnn.com/articles/05/11/21/aapl.on.hold Monday, Nov 21, 2005 10:20am Analyst: iPod needs more vi... Standard & Poor's Equity Research analyst Megan Graham-Hackett reiterated a "hold" rating on Apple stock, but raised the firm's 12-month price target from $56 to $66, following news that TiVo would release software to link its DVR to the iPod, according to Forbes. "In a research report Graham-Hackett said, 'In our view, the video iPod needs expanded content to be a more attractive device.' However, Graham-Hackett noted that the process for converting the TV programming onto the video iPod 'is still a bit complex and may limit demand.' The analyst noted that while Apple trades at a price/sales multiple of 3.9 times, well above peers, 'we believe it can continue to do so with its new product momentum.'"