Bernstein Upgrades Apple (AAPL) to Outperform

October 13, 2008 8:43 AM EDT Send to a Friend
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Price: $102.47 +2.72%

Rating Summary:
    55 Buy, 10 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 14 | New: 40
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Sanford C. Bernstein upgrades Apple (Nasdaq: AAPL) from Market Perform to Outperform but lowered its price target to $135, saying the stock appears overly discounted, short-term financials remain healthy and long-term growth story remains intact.

Shares of Apple have fallen 35% over the last month and currently trade in the $100 range.

Sanford C. Bernstein's Apple analyst Toni Sacconaghi is one of the top rated analysts.

Apple, Inc. designs, manufactures, and sells personal computers, portable digital music players, and mobile communication devices, as well as related software, services, peripherals, and networking solutions worldwide.

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