UBS Investment Research on Tuesday raised its price target on shares of Apple Computer to $86, citing higher than expected video iPod sales and expectations of a rise in Mac sales due to an early release of Intel Macs.
"We are excited about the prospects for further revenue contribution from iPods due to what we perceive as a positive mix shift to video iPods, which have a higher average selling price (ASP) than either the nano or Shuffle," said analyst Ben Reitzes.
Read the complete story here. (Apple Insider)
