Apple's stock is on the rise as the trading week kicks off -- here's why:
Shares of Apple Inc.
rose 0.7% in premarket trading Monday, after J.P. Morgan analyst Samik Chatterjee boosted his price target, citing better-than-expected iPhone sales. Chatterjee lifted his target to $265, which is 21% above Friday's closing price of $218.82, from $242, while reiterating the overweight rating he's had on the stock for at least the past 3 years.
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