Apple upgraded to buy, price target raised

“Apple shares moved higher early Friday after the iPhone maker was upgraded,” Vance Cariaga reports for Investor’s Business Daily.

“Maxim Group upgraded Apple to buy from hold and also raised its price target on the stock to 167 from 144,” Cariaga reports. “Through a recent partnership with Cisco Systems, Apple looks to sell more Apple iPads and iPhones to business customers and to enable those devices to run Cisco’s videoconferencing and other products.”

Cariaga reports, “Apple shares rose 1.2% in premarket trading on thestock market today. Cisco climbed 0.5%.”

Read more in the full article here.

MacDailyNews Take: It’d be nice for Apple shares to end the week on a strong note.

7 Comments

  1. Run it up, then knock it down. Same old end of quarter call and announcement games of the traders. Real investors, hold steady, everything is looking good for the long haul.

  2. Apple appears to have run itself into a rut as far as Wall Street is concerned. All the talk about Google running into a revenue wall was nonsense. It’s hard to know who to believe when it comes to the stock market. I don’t trust anything analysts say. I think they’re mostly liars.

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