Goldman Sachs raises price target on Apple to $700

SAN FRANCISCO (MarketWatch)
Goldman Sachs raised its price target on Apple Inc. to $700 from $660 in a note to clients late Monday afternoon
The note helped spark a surge in late trading that pushed Apple shares past the $600 mark for a new all-time high by the closing bell
 In a note to clients, Goldman analyst Bill Shope cited the company's earlier annoucement of a dividend and share-buyback program
 "We believe that today's announcement, coupled with additional positive catalysts that we expect through the year, should continue to lift the stock higher," Shope wrote