NewRatings.com is reporting that two analysts have reiterated or maintained their positive outlooks on Appleis stock. First Albany has reiterated a "Buy" rating on AAPL, based in part on the new iMac G5 and what the firm sees as a reacceleration of Appleis ongoing business. The firm also mentions HPis new Apple iPod from HP as a factor for growth. From NewRatings.com:
Given the improved performance and lower or similar prices compared to the previous iMac versions, the demand for Apple Computeris iMac G5 is expected to be healthy in the forthcoming quarters, the analysts say. The companyis business momentum would continue to reaccelerate in the forthcoming few quarters on account of the recent launches of hPod and iMac, according to First Albany.
Bear Stearns is maintaining its "Outperform" rating for AAPL. An Outperform rating means that the firm expects Appleis stock to outperform the market as a whole, and NewRatings reports that "[Appleis] current rating is based on the companyis improved execution and multiple growth drivers."
Apple closed unchanged on yesterdayis trading at 34.49, on moderate volume of 6,954,636 shares trading hands.