Apple Recap: Growth Drivers, iPhone 5S Buzz, Documents Demanded

Apple (NASDAQ:AAPL) gained 0.26 percent on Friday to close at $431.72, up 0.29 percent for the week. Here’s a cheat sheet to the top stores around the stock on the day:

Long-Term Growth Drivers

One conversation with Apple Chief Financial Officer Peter Oppenheimer gave Credit Suisse analysts Kulbinder Garcha enough confidence to reiterate an Outperform rating and a $600 price target fon the company’s stock. Oppenheimer sounded “confident, yet realistic,” and gave the analyst reason to believe that “there are several longer term growth drivers that exist for Apple.”

The research note circulated by Garcha to investors was one of a quartet of notes written on Friday morning in support of Apple, and these bullish assessments pushed the iPhone maker’s stock up slightly in morning trading, although it had given up most of its three-dollar gain by early afternoon. Garcha’s price target of $600 represents an increase of close to 40 percent on the stock chart for Apple’s shares from their closing price of $430.58 on Thursday. In comparison, the stock has declined 36.72 percent in the six-month period ending on that date… (Read more)