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Stocks to Watch: AAPL, RCL, DSW & More 

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Published: Thursday, 13 Sep 2012 | 7:54 AM ET
Peter Schacknow By:

Senior Producer, CNBC

Take a look at some of Thursday’s morning movers:

Apple - Goldman Sachs has boosted its price target on Apple to $810 from $790 and maintained its "Conviction Buy" rating following the release of the iPhone 5, as well as new iPod models. Standard & Poor's has now repeated its “buy” rating on shares of Apple following Wednesday’s media event. (Read More: Why Apple Could Finally Crack China With iPhone 5.)

Royal Caribbean - The company has raised its quarterly dividend by 20 percent to $0.12 from $0.10. The cruise line operator will pay the dividend on Oct. 9 to shareholders of record as of Sept. 25.

DSW - DSW has declared a special dividend of $2 per share, with the shoe retailer saying the announcement recognizes the company’s significant cash flow generation and a focus on returning value to shareholders.

Sanofi - The drugmaker has received U.S. Food and Drug Administration approval to market a new once-a-day multiple sclerosis treatment. The pill, named Aubagio, pushed the relapse rate for MS patients lower by about 30 percent.

Intel, Advanced Micro Devices - Both chipmakers have both been downgraded to “neutral” from “buy” at Citi, due to reduced estimates for 2013 PC unit growth.

Nike - Nike has been downgraded to “neutral” from “buy” at Citi because of what it calls “limited upside potential,” though it is raising earnings estimates and its price target for the athletic footwear and apparel maker.

Ford Motor - The automaker will discuss its CEO succession plan at its board meeting today, though it's not clear whether any steps will be announced or appointments made. CEO Alan Mulally is expected to step down next year. (Read More: Ford’s CEO Transition Won’t Change Its Biggest Problem.)

Microsoft - Jefferies has begun coverage on Microsoft with a "hold" rating, saying that Windows 8 has the potential to "underwhelm" and the company must be successful in establishing renewed relevance with consumers.

Pier 1 Imports - The retailer matched estimates with its latest earnings and revenues, but did raise its earnings forecast for the full year.

Citi has initiated coverage on a number of retailers, with "buy" ratings on American Eagle, Michael Kors, Limited Brands, Ross Stores, Tiffany, and TJX Cos.

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Darden Restaurants - Baird has downgraded the Olive Garden parent to "neutral" from "outperform."

—By CNBC’s Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com

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Take a look at some of Thursday’s morning movers.

   
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