March 14, 2013 at 12:05 PM EDT
AAPL: BTIG Ups to Buy on Low-Cost iPhone Prospects
Shares of Apple (AAPL) are higher by $4.40, or 1%, at $432.75, after the stock got an upgrade from BTIG Research’s Walter Piecyk to Buy from Neutral, with a $540 price target, based mostly on the prospect the company will have a lower-cost iPhone by the end of this year, which could add $11 billion [...]
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