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