Ahead of the bell on Monday Jesse Tortora upgraded Apple Inc., stating earlier than expected launches of both Leopard and Adobe CS3.
Tortora boosted Apple from "Neutral Weight" to "Overweight" also raised his price target to $105 from $100. The analyst believes that Creative Suite 3 and Mac OS X 10.5 Leopard will be released simultaneously at the end of March.
"We think this powerful one-two punch makes a great deal of sense, as it will likely unleash a flood of pent-up demand for both companies' products," wrote Tortora.