Barclays Capital reiterates ‘overweight’ rating for Apple
Barclays Capital reiterated its “overweight” rating on iPhone maker Apple Inc. with a price target of $340, as reported by “IB Times” (http://macosg.me/2/ry).
“We continue to believe Apple’s valuation is very attractive and believe shares can benefit driven by strong iPad demand, a new iPhone upgrade cycle, significant international expansion, and additional new products expected later this year,” said Ben Reitzes, an analyst at Barclays Capital.
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