UPDATE: Rodman & Renshaw Comments on Apple

Rodman & Renshaw has published a research report on Apple Inc AAPL. In the report, Rodman & Renshaw wrote, "Steve Jobs announced his resignation as the CEO of Apple (AAPL, Market Outperform) while taking on a titular role as the Chairman of the Board. Steve's role in the transformation of Apple, and to a large degree the consumer electronics industry, cannot be overstated." Rodman & Renshaw rated Apple a Market Outperform with a price target maintained at $450.00. Apple closed Wednesday at $376.18.