Tech stocks climbed higher yesterday, after seeing their price targets lifted by analysts ahead of the next set of earnings releases. Google Inc’s price target was raised 26.32% to US$600 at Credit Suisse, with a full-year Earnings Per Share (EPS) forecast of US$21.75 for 2009.
International Business Machines (IBM) Corp had its price target lifted at Barclays PLC to US$140 from US$119, with a 2009 EPS estimate of US$9.80. Both companies will release third-quarter earnings on October 15, 2009.
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