UBS Reiterates "Neutral" Rating For AAPL

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UBS has reiterated its Neutral rating for Appleis stock. UBS initiated coverage on AAPL in late November, and NewRatings.com says the investment bank has stated its target for the stock is US$23 a share. From NewRatings.com:

In a research note published this morning, the analysts mention that the companyis November results indicate robust demand in the US. The company’s European market continues to be sluggish, while its Japanese markets are stabilizing, the analysts add. Apple Computeris November results further reveal that growth in the commercial and retail channels was significant, UBS states. According to the analysts, the company posted impressive sales in its notebooks and desktops segment.

You can find the full article at NewRatings.com. As of this writing, Appleis stock is trading at 1.29, up 0.14 (+0.66%), on moderate volume of 2,908,688 shares trading hands.

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