“Shares of Apple Inc. extended their winning streak Wednesday on the heels of an analyst upgrade while Twitter Inc. was attracting attention ahead of its initial public offering,” Sue Chang and Saumya Vaishampayan report for MarketWatch.
“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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