UBS analysts remain confident in Apple's performance, reiterating a 'buy' target on its stock.
UBS has raised its target price on Apple stock, from $37 to $42.
Bear Sterns last week reduced its rating on Apple stock, downgrading it from 'outperform' to 'peer perform'.
First Albany maintains its buy rating at $35: "The demand for Apple Computer's iMac G5 is expected to be healthy in the forthcoming quarters, the analysts say."
Apple stock closed at $35.20 last night, down 29 cents on the day.