Banc of America Raises Rating on AAPL to "Buy"

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Banc of America has raised its rating on Appleis stock from "Neutral" to "Buy." Reuters reported that the firm raised its target price fro mUS$75 to $85.

Appleis stock is currently trading at 70.38, a gain of 0.50 (+0.72%), on moderate volume.

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Bryan Chaffin

Bryan Chaffin

Bryan is the cofounder of The Mac Observer and currently serves as Afternoon Editor. He has contributed to MacAddict and MacFormat magazines, and coauthored Incredible iPad Apps for Dummies with Bob "Dr. Mac" LeVitus.

You can find out more about Bryan at his personal site, GeekTells, or follow him on Twitter @TMOBryan.

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