UBS Reiterates Neutral Rating on Apple (AAPL), Sees Limited Impact From Vietnam Trade Deal

UBS analyst David Vogt reiterated a Neutral rating and $210.00 price target on Apple (NASDAQ: AAPL).

The analyst commented, "According to press reports, the US has announced it signed a trade deal with Vietnam. Although Vietnam has been a key region for supply chain investment, the scale and scope of the offerings in the country relative to China is small. Based on our analysis of Apple's supply chain China mainland remains the largest region representing over 35% of the total discrete locations in the supply chain while an estimated 35 Apple suppliers operate roughly 38 locations in Vietnam or roughly 5% of Apple's supply chain footprint by location with material assets in Bac Giang, Bac Ninh, Hai Phong, Phu Tho, and Vinh Puch."

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $212.44 yesterday.

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