The firm gave no reason for why Apple might take such a move, which would double the number of Apple shares while halving the price. Calls to Bernstein were not returned.
In a note to clients, senior analyst A.M. Sacconaghi wrote that a split would enable Apple to be considered for inclusion in the 30-company index, which he described as under-representing technology companies.
There are five tech companies in the Dow: International Business Machines, Hewlett-Packard, Microsoft Corp, Intel Corp and Cisco Systems.
The Dow is price-based, and includes only two companies that trade for more than $100 per share: IBM and Chevron Corp. Apple is trading up 2 percent at $607.
Source : Reuters