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

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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 jonogg@247wallst.com and he does not own securities in the companies he covers.