Apple stock increases on Citigroup upgrade

Apple stock increases on Citigroup upgrade

Apple stock value rose by $1.61 per share yesterday once the analysts at Citigroup elevated its rating on the organization, stating future product releases as catalysts for that move.

Analysts state that cool product releases, application upgrades and falling component prices can give Apple’s business positive momentum within the several weeks ahead.

Citigroup analyst Richard Gardner elevated his rating around the stock to ‘Buy’ from ‘Hold’, but left his 12-month target cost static at $105 per share.

The Apple TV, iPhone, Mac OS X, upgraded pro programs and also the discharge of Adobe CS 3 should: “Catalyse a hardware- and software-upgrade cycle inside the creative professional market.”

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