“S&P Capital IQ raised its rating to Strong Buy from Buy,” Ogg reports. “As recently as yesterday we saw that S&P Capital IQ had a Buy rating and a $700 price target. The call is after shares have fallen by 23% or so from their recent highs. but analyst Scott Kessler is not changing his price target objective from the $700 mark.”
Ogg reports, “S&P Capital IQ sees the fundamental story unchanged and intact and Kessler believes that Apple could decide to allocate more capital toward dividends and buybacks.”
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