Jan 16 - Apple climbs back above $500, while Facebook loses ground even after several analysts express optimism over its latest product offering.
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Next apple rebounds FaceBook slides and written here is up with major product debut. First up apple analysts continue to weigh in on the company's prospects after that report earlier this week that iPhone 5 demand was weaker in the current quarter. Pacific crest cutting the stock to market perform on concern is a market for high end Smartphone has been maxed out. Bank of America Merrill Lynch also less positive on the stock reduced its price target to 630 from 720 dollars. -- to -- capital remains bullish analyst Brian white not buying the doom and gloom he sticking with his 11111. Dollar market. Shares today rebounding a bit up 13%. They're back above 500 dollars and as we reports. Analysts also giving their take on Facebook's ground search. New feature which allows users to search their networks of friends to find everything from restaurants to movie recommendations. The -- Maryland's eastern Asia Europe and Sterne Agee raised its price target of 37 dollars from 32 dollars. And affirmed its buy rating and a carbon Bhatia says graphic search we'll help FaceBook expansion into the bigger market for search advertising. And boost his -- long term. While JPMorgan expressed concern about the lack of a time line to make the tool available on mobile devices. Shares while -- down more than 1% below thirty dollars. Soaring and sputtering time our look at movers first story is Research in Motion. The company's things extremely encouraged by the response to program aimed at persuading its biggest class -- upcoming Blackberry ten devices. Shares up more than 3%. And sputtering. Tell Argus research cutting the stock to hold from buy as private equity firms circle shares down more than 4% after running up the past two days. And that's exactly this Wednesday remember you can follow on Twitter RT IRS technically I'm Fred Katayama and this. It.
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