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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Done, gone. who wrote (44395)4/25/2005 2:06:11 PM
From: William F. Wager, Jr.  Respond to of 213182
 
CSFB Raises Apple Computer To Outperf From Neutral...

DOW JONES NEWSWIRES
April 25, 2005 7:58 a.m.

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NEW YORK -- Apple Computer (AAPL) was upgraded to outperform from neutral at Credit Suisse First Boston on the belief that the next leg up in the stock will be driven by the company's success in the PC market, as its Mac line has just completed its second-straight quarter of market share gains.

Analyst Robert Semple raised his stock price target to $45 from $40, his 2005 earnings estimate to $1.36 a share from $1.32 and his 2006 forecast to $1.61 a share from $1.52.

The stock was up 77 cents, or 2.2%, at $36.27 in Instinet pre-open trading.

"We believe that while iPod has been the growth catalyst for the story to date, the Mac business is now poised to deliver strong growth, market share gains and positive earnings revisions over the coming quarters," Semple said.