“Analysts at RBC Capital on Thursday lifted their price target on Apple Inc. to $525 from $475, citing chatter about a possible larger buyback program and the expected new iPhone launch in September,” Sara Sjolin reports for MarketWatch
Additionally, they said the expected mid-September launch of the iPhone 5S and 5C could also drive share prices higher,” Sjolin reports. “RBC kept its outperform rating on Apple.”
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