Brokerage Upgrades Apple, Cites Strong School Sales & Retail Stores [Updated]

CNBC is reporting that A.G. Edwards, a Wall Street brokerage firm, has upgraded Apple this afternoon. According to CNBC, the company cited strong new product offerings, strong education sales, and new lifestyle Apple branded retail stores that Apple will be opening. A.G. Edwards also says that Apple has put its problems firmly behind them. The firm has placed Appleis target stock price at US$35.

Update: A.G. Edwards is officially maintaining itis Buy rating on Apple, based on the above reasons.

For other stories regarding Appleis stock activity, visit our updated Apple Stock Watch Special Report. You can also check out our Apple Financial Boards, a new moderated forum for Apple Investors and people who are interested in Appleis financial dealings.