January 16, 2013 at 09:59 AM EST
Apple Shakes Off Round of Price Target Cuts
Shares of Apple (NASDAQ: AAPL ) bounced back in early trading on Wednesday, rallying nearly 2 percent to around $495. The moves comes in contrast to two price target cuts and a ratings downgrade. Both Stifel Nicolaus and Bank of America cut their price target on the Cupertino tech giant.
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