The original initiated price of this coverage was $599.00. Over the time span of this coverage, the underlying security paid 3 dividends, comprising 1.5% dividend income.
You all know the justifications - the timing is of course the $45 billion being spent on the quarterly divident and share buyback (10 billion I believe) over the next 3 years.
Opens up AAPL to many mutual funds that could not buy it before because of restrictions that they have to invest in companies that pay a dividend or an RCAP.
Increased buying by these funds before the quarter ends drives us up higher in the short term. Given that there is going to be dividends, this price target could be seen as agressive, but I guess we'll see how much love the market shows AAPL on Valentines Day 2013!