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By Market News Video Staff, Wednesday, January 12, 12:51 PM ET
This morning, Goldman Sachs increases its EPS estimates on shares of Apple (NASDAQ:AAPL) through 2012 as its latest distribution deal with Verizon should help sales. With the higher earnings estimates, Goldman maintained its buy rating and set a price target of $430 per share.
In afternoon trading, shares of Apple were higher, picking up 0.5% on the news.
And Barclays increased its price target on shares of Chesapeake Energy (NYSE:CHK) from $33 up to $40 as the company plans to reduce its debt by 25% over the next two years. With the higher price target, Barclays maintained its overweight rating.
Shares of CHK were higher on the news, gaining 1.8% so far.
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