An analyst at Goldman Sachs (NYSE:GS) Group Inc rated Apple Inc (NASDAQ:AAPL) a “Buy” for the first time in nearly six years after the investment bank was mostly on the sidelines as the iPhone maker's stock more than quadrupled in value. In a note to clients, the Goldman analyst also provided a $199 price target on Apple over the weekend, which helped Apple bounce 3.1% to $155.72 on the Nasdaq on Monday morning.
Apple draws a 'Buy' rating and $199 price target from Goldman Sachs