A story on MarketWatch today notes that Matthew Kather, an analyst with W.R. Hambrecht, has initiated coverage of Apple with a “buy” rating and a price target of US$110. “Kather said that in addition to Apple’s traditional strength with the iPod, new products such as the iPhone, Apple TV and the upcoming release of Leopard, Apple’s next operating-system upgrade should add to the company’s momentum through the rest of the year.”