Apple (AAPL) PT Lowered to $165 at Rosenblatt

Rosenblatt analyst Barton Crockett lowered the price target on Apple (NASDAQ: AAPL) to $165.00 (from $189.00) while maintaining a Buy rating.

The analyst commented, "Ahead of Apple's F1Q23 earnings report post-close Feb 2, we adjust estimates for iPhone production pressure that has since been resolved, and macro services headwinds. We expect better trends in later periods, reflective of a more normalized environment."

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