Apple shares rebound as UBS ups price target to $108

Apple shares rebound as UBS ups price target to $108
By Prince McLean

Shares of Apple Computer rose over 2 percent to regained some of Monday’s losses after UBS Investment Research issued a bullish research note in which it raised its price target on the iPod maker.

Analyst Ben Reitzes, who maintains a Buy rating on shares of Apple, increased his price target to $108 from $95, citing healthy sales of iPod digital music players during the early going of the holiday shopping season.

Full article at AppleInsider