Apple Added to Citigroup's Recommended Stock List

Citigroup on Monday added Apple to its list of recommended stocks, alongside McDonaldis and Alltel. "Appleis recent share price weakness presents an attractive entry point into a company with strong fundamentals and a likelihood of taking market share in the PC business, Citigroup said in a research note dated June 23," according to Reuters.

Citigroup has a US$75 price target on the shares, which were down 0.36% to $58.62 at 2:55 PM EST on Monday, despite a broader upturn in the Nasdaq.

<!--#include virtual="/includes/newsite/series/stockwatch.shtml"-->