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Exane BNP Paribas Starts Apple (AAPL), Research In Motion (RIMM) at Outperform

March 31, 2010 8:25 AM EDT
AAPL Hot Sheet
Rating Summary:
    49 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
An analyst at France's Exane BNP Paribas initiated coverage on two top tech companies this morning, Apple (Nasdaq: AAPL) and Research In Motion (Nasdaq: RIMM). The firm started both stocks at Outperform and set a $300 price target on shares of Apple and a $90 price target on shares of RIM.

The firm's new price target on Apple suggests potential upside of almost 28% from where the stock is trading today (around $235). The new target on Research In Motion, meanwhile, represents possible price appreciation of about 20% from where the stock is trading this morning (around $74.90).

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