Lehman Brothers Initiates Major Tech (AAPL, DELL, EMC, HPQ, IBM, NTAP, JAVA)

April 22, 2008 by Douglas A. McIntyre

Lehman Brothers has initiated major technology companies in new analyst coverage this morning.  The broker has a mixed call in the sector.

Overweight rated stocks are Apple, Inc. (NASDAQ: AAPL) with a $195.00 target; IBM (NYSE: IBM) with a $144.00 price target; and Hewlett-Packard (NYSE: HPQ) with a $59.00 price target.

Equal-Weight rated stocks are Dell, Inc. (NASDAQ: DELL), EMC Corp. (NYSE: EMC), Network Appliances (NASDAQ: NTAP), and Sun Microsystems (NASDAQ: JAVA).

So far, almost all of these names are close to unchanged in quiet pre-market trading.

Jon C. Ogg
April 22, 2008

Jon Ogg is a producer of and editor for both the Special Situations newsletter and the "10 Stocks Under $10" weekly newsletter for 247WallSt.com; he can be reached at [email protected] and he does not own securities in the companies he covers.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.