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UBS ups Apple target price from $215 to $235

Thursday April 25, 2019. 04:27 PM , from Mac Daily News
UBS analyst Timothy Arcuri has boosted his Apple target price from $215 to $235 while maintaining a “Buy” rating.
In a note to investors, Arcuri writes that Wall Street is “underrating the degree/timing to which new services could contribute revenue” and that “comps should get easier, and the stock remains the biggest global under-weight among active managers.”
The analyst writes Apple’s iPhone mix “remains challenging,” but notes that foreign exchange headwinds should start to ease in June.
MacDailyNews Take: Trillion-dollar market value looms.
https://macdailynews.com/2019/04/25/ubs-ups-apple-target-price-from-215-to-235/
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