Analysts raise targets after Apple’s outstanding financials
At least eight brokerages have raised their price targets on Apple after the company’s latest blow-out quarterly profit and a forecast strong third-quarter revenue, reports “Reuters” (http://news.yahoo.com/s/nm/20100421/bs_nm/us_apple_research_analysts_2).
On Tuesday Apple announced financial results for its fiscal 2010 second quarter that ended March 27, 2010. The company posted revenue of US$13.50 billion and net quarterly profit of $3.07 billion, or $3.33 per diluted share.
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