Barclays Reiterates an 'Overweight' on Apple (AAPL); Talking Cash Money

Barclays reiterates an 'Overweight' on Apple (NASDAQ: AAPL) price target of $710.00.

Analyst, B. Reitzes, said, "Conference call today to announce outcome concerning cash balance; had expected a dividend announcement in by end of 2012, in $10 range, ~2% yield; share repurchases also prudent use, but view dividend as more important; EPS estimate unchanged at ’12 $43.98 (vs. $43.13 cons), ’13 $50.00 (vs. $48.36 consensus).

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $585.57 yesterday.

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