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Apple: Oppenheimer Launches With Outperform Rating

Posted on May 22, 2008

Oppenheimer analyst Yair Reiner today launched coverage of Apple (AAPL) with an Outperform rating and $235 price target. We believe Apple is ideally positioned to drive and benefit from the ongoing transformation of the home PC form efficiency tool to media center, and of the wireless handset from mobile phone to media-centric pocket computer, he writes in his initial report on the company.Reiner thinks demand for the 3G iPhone will be much stronger than the Street is modeling, and that its success will draw significant numbers of new adherents to Apple s Mac offerings. He ...

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3g , analyst , mobile , outperform , wireless