Citigroup raises Apple stock target to $600

Fri, Feb 3, 2012


Barron’s reports:

Citigroup’s Richard Gardner this morning reiterates a Buy rating on shares of Apple and a $600 price target after hosting a meeting on Thursday with chief executive Tim Cook andCFO Peter Oppenheimer on Apple’s campus.

Among the “key points” Gardner gleaned was that Cook reiterated a view that expansion in theiOS operating system platform will lead to tablet sales eventually surpassing the volume of sales of traditional PCs.


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