MacDailyNews Note: AAPL is currently up $2.95, or 3%, to $102.67.
This morning, FTN Equity Capital analyst Bill Fearnley raised his rating on Apple’s stock to buy from neutral and set a price target of $140 on the company’s shares. Fearnley said that any product disruptions by the potential departure of Chief Executive Steve Jobs ‘will be smaller than we previously thought,’ and that Apple’s Macs continue to gain market share against Microsoft’s Windows PCs.
Full article here.
Benjamin Pimentel reports for MarketWatch,” Apple Inc. rose Monday on an analyst upgrade even as the rest of the tech sector struggled through a volatile trading session.”
“The tough trading environment was underscored by online retail giant Amazon.com whose shares went on a rollercoaster ride as investors reacted to the much-awaited rollout of the new Kindle reading device. After Amazon posted a slight gain, the announcement sparked a small sell-off,” Pimentel reports. “Amazon was down about 1% at last check.”
Full article here.
