Amazing news for Apple. This comes just after a stock split. Damn, I can remember when it was $13. I would be a rich man but nooooooooo!
Morgan Stanley boosts Apple stock to 'overweight'
03/18/2005 10:11 | Kristie Masuda
Morgan Stanley analyst Rebecca Runkle reported that a survey conducted involving over 400 consumers shows Apple sales may rise more than expected as a greater number of iPod users buy iMac computers. Runkle boosted her rating on the stock to "overweight" from "equal-weight" and set a $60 price target for Apple and raised the fiscal year earnings per share estimates to $1.31 on revenue of $16.9 billion. Apple shares closed on Thursday at $42.25.
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