Apple Inc. (NASDAQ:AAPL) was downgraded to hold from buy on Tuesday by analysts at Societe Generale, who cited fears over slowing iPhone 5s sales and valuations. A team of analysts led by Andy Perkins said they’re sticking to their $575 price target, but note shares haven risen more than 7% in the past three months and are now close to that target. But they’ve also got concerns about phone sales and Apple’s cheaper phone model, the 5C. “Usually we would expect Apple to outperform the market in Q4 as the company has just issued new products,” said the analysts. Apple Inc. (NASDAQ:AAPL) shares closed at $540.67 on last trade day, by losing -2.45%. Stock 52 week range is $385.10 – $575.14. Company’s market capitalization is $486.46 billion.
Nokia Corporation (ADR) (NYSE:NOK) is expected to show a steep fall in network equipment sales in its results this week, highlighting the challenge facing management after selling its once mighty handset division to Microsoft for 5.4 billion euros ($7.3 billion). Improved profitability at Nokia Solutions and Networks (NSN) due to cost cutting have helped cushion the company’s declining handset business in recent quarters. Nokia Corporation (ADR) (NYSE:NOK) stock opened at $7.87 in last trading session and closed at $7.79. The 52 week range of the stock is $3.02 – $8.20 and the day range was $7.76 – $7.93.
Rite Aid Corporation (NYSE:RAD) had its price target increased by Credit Suisse from $6.00 to $7.00 in a research report sent to investors on Friday morning, Analyst Ratings News reports. Rite Aid Corporation (NYSE:RAD) stock opened at $5.67 in last trading session, and closed at $5.85, trading in the range of $5.65 – $5.96. The stock showed a positive weekly performance of 4.46%.
Global performance improvement solutions provider GP Strategies Corporation (NYSE:GPX) and Effective Companies A/S of Copenhagen, Denmark have entered into a letter of intent under which GP Strategies will acquire from Effective Companies the Effective-People and Effective-Learning companies, providers of human capital management (HCM) solutions, including sales and support of the full SuccessFactors Business Execution (BizX) Platform, eLearning and blended learning solutions, as well as recruitment and employee development services. GP Strategies Corporation (NYSE:GPX) stock decreased -1.86% and finished the last session at $30.05. The EPS of the stock remained 1.16. Company’s market capitalization is $575.32 billion.