“Apple Inc [AAPL] shares added 0.5% to rise for a sixth session. The stock’s buy rating was reiterated and its price target raised to $580 from $560 at Canaccord Genuity,” Chang and Vaishampayan report. “‘Our global handset sell-through survey work indicates a significantly higher sell-through mix of iPhone 5s versus 5c that should benefit near-term [average selling prices] and margins,’ Canaccord’s Michael Walkley said in a note distributed late Tuesday.”
Chang and Vaishampayan report, “Twitter Inc. [TWTR] said late Tuesday that it has picked the New York Stock Exchange over the technology-heavy Nasdaq for its $1.5 billion initial public offering. The social media company also said its third-quarter revenue rose to $168.6 million from $82.3 million but its losses widened to $64.6 million from $21.6 million a year ago.
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