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Equity Strategy 24 April 2013
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We Cut Target Price As Apple Returns $55 Billion to Investors

We Cut Target Price As Apple Returns $55 Billion to Investors

* Apple Inc. forecast sales that missed analysts’ predictions and said it will return an additional $55 billion in cash to shareholders to compensate for a stock that’s been hammered by signs of slowing growth. * The company boosted its quarterly dividend and alloted more cash to buybacks, announcing plans to borrow funds for what […]

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