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Order Reprints Text size Loop Capital analyst Ananda Baruah repeated a Buy rating and boosted his target price on Apple stock to $155 from $131. Justin Sullivan/Getty Images Apple stock received a thumbs up Friday from Loop Capital analyst Ananda Baruah, who repeated his Buy rating on the tech giant and boosted his target price to $155 from $131. The call comes ahead of the company’s upcoming December quarter earnings report, due after the close on Jan. 27. Baruah writes in a research note that he expects a “really big year” for Apple (ticker: AAPL), and the signs should be clear with the upcoming earnings report. He thinks there could be material upside to Street numbers for both the near term and throughout calendar 2021, driven by strength in both iPhones and Macs. Baruah also thinks the company could see upside from healthy growth in iPad, AirPod, Watch, and Services. ....
Lenovo Plans China Listing, Sending Stock Soaring Shares in the world’s largest PC maker hit their highest level since 2015 Lenovo intends to join the STAR Market, China’s answer to the Nasdaq. Photo: philippe lopez/Agence France-Presse/Getty Images By Updated Jan. 13, 2021 10:08 am ET Lenovo Group Ltd. is capitalizing on two booming markets, Chinese stocks and the global PC industry, to list in Shanghai. The company is the world’s largest maker of personal computers and is well-known for acquiring IBM ’s ThinkPad unit and the Motorola Mobility smartphone business. The news that Lenovo would join the STAR Market, China’s answer to the Nasdaq, boosted its Hong Kong-traded shares, which on Wednesday hit their highest level since 2015. ....
Updated Jan. 13, 2021 4:08 pm ET Apple Inc. is launching several projects to extend education and funding opportunities to minority entrepreneurs, part of the $100 million pledge it made in June to help combat racism in response to the national outcry over the killing of George Floyd. The iPhone maker on Wednesday said it would open a software-developer academy in Detroit later this year and launch two venture-funding initiatives for young “Black and Brown entrepreneurs,” with the goal of helping to build the next generation of diverse leaders. “We are all accountable to the urgent work of building a more just, more equitable world,” Apple Chief Executive Tim Cook said. “And these new projects send a clear signal of Apple’s enduring commitment.” ....