Barclays Says Apple Should Borrow Against Cash Hoard, Double Size of Current Capital Plan

Barclays analyst Benjamin Reitzes earlier suggested Apple could "easily" double the size of its three-year capital plan currently instated. The analyst believes Apple could likely boost its dividend to nearly $15/share and increase its buyback plan to around $40 billion over the next three years. Reitzes said Apple could go to the debt market and borrow up to $50 billion against its overseas cash hoard. Reitzes maintains an Overweight rating and $530 price target on shares of Apple. Apple shares are down 1.5 percent to around $431 at last check.