Lehman starts Apple at Overweight with $195 Target

From MarketWatch
Lehman Brothers started coverage of Apple with an overweight rating and a $195 price target. The broker cited sales momentum and share gains in Macs, potential for open-ended growth with new iPhones and more new products. "Despite the economic environment, we do not believe that Apple's momentum has waned in Macs; in fact, Macs may have reached a tipping point with share on its way toward doubling over the next three to five years," the broker said.

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