Report: ‘RBC raises Apple price target’
A story coming out of Reuters today notes that RBC Capital Markets raised its price target on Apple to US$205 from $175, and said “it expects a stronger back-to-school season for the company’s Macintosh computers.” According to the report: “The brokerage, which reiterated its ‘outperform’ rating on the stock, said it expects Apple to report fourth-quarter revenue at $6.4 billion, above Wall Street estimates of $6.0 billion.” Apple will announce its earnings this Monday, October 22.
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