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Merrill Lynch today updated its rating on shares of Apple Computer from Neutral to Buy with a price target of $72, saying the risk-to-reward ratio of the company's stock has recently improved.
In supporting the upgrade, analyst Richard Farmer offe...<div style="clear: both;"><a href="http://www.pheedo.com/click.phdo?feedUrl=http%3A//www.appleinsider.com/appleinsider.rss&itemLink=http%3A%2F%2Fwww.appleinsider.com%2Farticle.php%3Fid%3D1900&itemDate=2006-07-20%2013%3A45%3A00&itemTitle=ML%20upgrades%20Apple%2C%20says%20iPhone%20could%20be%20near"><img border="0" src="http://www.pheedo.com/img.phdo?feedUrl=http%3A//www.appleinsider.com/appleinsider.rss&itemLink=http%3A%2F%2Fwww.appleinsider.com%2Farticle.php%3Fid%3D1900&itemDate=2006-07-20%2013%3A45%3A00&itemTitle=ML%20upgrades%20Apple%2C%20says%20iPhone%20could%20be%20near" /></a></div>