Analysts at Canaccord said on Wednesday that they set a price target of $650 a share for Apple Inc. and said that it is possible the firm will set a dividend this year to return money from its cash hoard to shareholders
Canaccord previously had a $560 a share price target on Apple
Analyst Michael Walkley told clients in his Wednesday morning note that, "We anticipate another year of record cash generation
With Apple expected to cross $100 billion in cash during the March qarter, we believe this milestone might push Apple to announce a dividend."
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