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Appleâs Board of Directors has authorized a $140 billion share repurchase program that is expected to be completed by the end of March 2017.
Apple (AAPL) stock received a price-target increase on Thursday from investment bank Stifel, which raised its sales projections for the company's upcoming iPhone 8 smartphone. Stifel analyst Aaron Rakers upped his estimate on Apple to 150 from 130, but maintained a hold rating on the stock based on valuation.