AmTech analyst changes mind, raises Apple rating

Discussion in 'MacBytes.com News Discussion' started by MacBytes, May 6, 2008.

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    Category: News and Press Releases
    Link: AmTech analyst changes mind, raises Apple rating
    Description:: Saying that the risk associated with Apple Inc.'s earnings has passed for the near-term, American Technology Research analyst Shaw Wu on Monday raised his rating on Apple's shares to buy from neutral, less than two weeks after cutting his rating on the stock.

    Wu also set a $210 price target on Apple's stock after previously not having any price target on the shares, which have risen almost 60%, to close at $184.73 Monday after falling to a year-to-date low of $115.44 on Feb. 26.

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