Oracle Investment Research Upgrades Apple (AAPL) to Strong Buy

Oracle Investment Research upgraded Apple (NASDAQ: AAPL) from Buy to Strong Buy with a price target of $670.00.

"We upgrade AAPL to Strong Buy based on revised EPS and Revenue models. We see the potential for share repurchase versus a special dividend based on EV/EBITDA multiples at ten year lows. A broken stock but not a broken company, we find...."

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 $575.85 yesterday.

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