Piper Jaffray Senior Analyst Gene Munster maintained an "outperform" rating and $60 price target on Apple Computer as sales increase and lead time decreases for the iPod nano.

"We expect the iPod to continue to be a foundation for growth in other parts of Apple’s business, and we expect that by the end of calendar 2005 more than 37 million iPods will have shipped, providing Apple with a greater scope of awareness for various products (’halo’ effect)," said Munster.

Read the complete story here. (Forbes)