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

To: NAG1 who wrote (122662)	12/7/2011 8:32:09 AM
From: Road Walker	Read Replies (1) \| Respond to of 213182

Apple seen rising to $500 a share at Sterne Agee 8:00 am ET 12/07/2011 - MarketWatch Pulse News Bullet NEW YORK (MarketWatch) -- Analysts at Sterne Agee on Wednesday upped their outlook for Apple Inc's fourth-quarter results, saying recent monitoring of the iPhone maker's supply chain indicate that the company's mobile phone and Mac computer production is strong. The analysts said that the iPad supply chain review indicates some weakness in that device. Sterne analysts said that they now expect the firm to earn $10 a share on $37.7 billion of revenue. Apple has suggested to analysts it would earn $9.30 a share on revenue of $37 billion in the quarter. "We continue to believe that AAPL is positioned to outperform in this tough macroeconomic environment with its defendable strategic and structural advantages and its vertical integration. Our price target of $500 is based on a conservative 11.6 times multiple on our calendar year EPS estimate of $36.15 plus net cash," the analysts concluded.