Apple (AAPL) PT Lowered to $160 at Rosenblatt

Rosenblatt analyst Barton Crockett lowered the price target on Apple (NASDAQ: AAPL) to $160.00 (from $168.00) while maintaining a Neutral rating following earnings.

The analyst commented, "Apple's F3Q22 earnings report featured relief that supply chain headwinds and China disruptions eased and were not as bad as feared. Macro headwinds look muted, i.e. not impacting iPhone, but present in Wearables and Services. We retain a Neutral rating, and adjust our price target down $8 to $160."

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