Apple (AAPL) PT Raised to $220 at Citi, Expects Dividend Raise

(Updated - March 21, 2019 6:20 AM EDT)

Citi analyst Jim Suva raised the price target on Apple (NASDAQ: AAPL) to $220.00 (from $170.00) while maintaining a Buy rating.

• Expects a dividend raise in April and increased buybacks.
• "From a holdings perspective, Apple shares are no longer in the SP500 Growth Index Funds and have completely transitioned to being represented in the Value Index Fund yet in our marketing meetings, many growth investors have a negative view on the shares with short interest as a % of free float the highest it has ever been over the past 2 years."

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