This morning, Citigroup raised its price target on shares of Apple (NASDAQ:AAPL) to $500 as margins should come in better than expected for the third quarter. With the higher price target, Citigroup reiterated its buy rating.
Shares of Apple were higher today, gaining 0.9% so far.
And Morgan Stanley increased its EPS estimates on shares of Colgate Palmolive (NYSE:CL) through 2013 as input costs are on the decline. In the report, Morgan Stanley maintained its overweight rating and its $101 price target.
Shares of Colgate Palmolive were relatively flat on the news while the general markets sank.
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