DealsOnTheWeb Daily Deal: OneCall's Weekend Sale - 20 Great Items at Great Prices All Weekend Long
Citigroup Upgrades AAPL to "Buy"
by , 1:20 PM EDT, August 1st, 2007
Citigroup analyst Richard Gardner has upgraded AAPL to a "Buy" rating. In a research note to investors, Mr. Gardner released the note following a US$9 per share downswing in the stock, telling investors that, "the Street should not be alarmed by these cuts."
Breaking down his outlook on Apple's stock, Mr. Gardner said that a "worst-case near-term downside" for investors would be a pullback to $115, but that he saw a low probability that such a pullback would occur.
On the upside, he see's a high for the stock of $160 per share, and said, "we would increase positions at current levels and simply use any near-term weakness to buy more shares."
AAPL is currently trading at 132.91, a gain of 1.15 (+0.87%). The stock has been somewhat volatile throughout the day, trading in a range of +/- $3 per share.
*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.
If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.
Observer Comments
Recent Headlines - Updated Saturday, September 6th, 2008
- Sat., 3:45 PM
- iPO Free on iTunes - Samurai Girl, Sonny Chiba, Tim and More
- Fri., 5:30 PM
- StrangeCharm - Particle Debris And No Soup For Microsoft (Week of Sep 1)
- 5:20 PM
- User Friendly Blog by Ted Landau - Best Buy Polishes its Apple
- 5:05 PM
- iPO The Back Page - Why Chrome? Think Apple
- 4:10 PM
- iPodObserver - Nokia Warns of Weaker Q3, Global Economy and iPhone are Factors
- 3:30 PM
- Apple Gaming News - Call of Duty 4 Embarks for Macs on September 15
- 2:30 PM
- iPodObserver - Some iPhone Users Experiencing Syncing Problems via USB 2 Hub
- 1:45 PM
- iPodObserver - TUNEWEAR Announces Clear Cases for iPhone 3G
- 1:10 PM
- iPodObserver - MTS, Largest Russian Wireless Carrier, Lands iPhone Deal
- 12:00 PM
- ATR: Low Expectations for Apple September 9 Event
- 10:10 AM
- Hot Forum Topic - Reader Reactions: Seinfeld Microsoft Ad
- 9:15 AM
- TMO Quick Tip - OpenDNS: Managing Your Internet Access
- 8:40 AM
- CamSpinner 2 Improves FTP, AppleScript Support
- 8:05 AM
- First Seinfeld Microsoft Ad Airs, Thin on Content
The Mac Observer Reader Specials
- Download Typestyler, still the Ultimate Styling Tool for Internet, Print and Video Graphics. Works great in Classic with a Native OS X Version on the way. Free Tryout: www.typestyler.com
- OWC: Upgrade to a Larger Hard Drive, Add Additional Drives SATA for Mac Pro and G5s, up to 1.0TB in each Bay. 500GB from $90!
MacPro Memory 667Mhz With Apple Spec Heat Sink 2GB $ 82 / 4GB $128 / 8GB $256 - Click to Maximize your Macs...
Mac observers can now play Party Poker for Mac as well as Mac casino games by going to MacPokerOnline.com.
RamJet Memory: Mac Pro FB-DIMMs: 2Gig kit $115, 4Gig kit $179, 8Gig kit for $355! 500G Seagate Hard Drive $129! Click hereFor the latest Apple products use Ciao a comparison website to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate cell phones.
Laptop Hardware Provided by TechRestore - Overnight Mac & iPod Repairs.
LA ComputerCompany's Apple Care Deals - Starting from $55.00 
Apple OEM. 15-inch MacBook Pro Rechargeable Battery: $77.00 
New iMac Intel Core 2 Duo 2.4GHz 20-inch with 2GB Memory: $1099 
A-DATA 32GB Speedy Compact Flash Card: $89.10 Delivered 
Ridata 8GB 233X Lightning Series Compact Flash Card: $33.29 Delivered 
