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AAPL Up, Price Target
Raised
Friday, August 27, 1999
By Apple News Editor John H.
Farr
Finally some real news:
Reuters
says that Warburg Dillon Read is lots more bullish on Apple
Computer after meeting with Apple management! And guess
what? The stock is almost up to $64/ share already this
morning (11:50 a.m. EDT).
Specifically the Warburg Dillon Read firm's report says
that " sales could be materially more robust in fiscal 2000
than we had previously forecast." Their price target has
been raised from $65 to $75 with a "buy" rating. Earnings
per share are not expected to rise very much because of
lower profit margins on the strongest selling models,
however.
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