Apple (AAPL) PT Raised to $175 at Argus, Positives Are Not Reflected in Stock Price

June 7, 2017 7:50 AM EDT
Get Alerts AAPL Hot Sheet
Price: $138.93 +1.62%

Rating Summary:
    44 Buy, 19 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 4 | Down: 13 | New: 10
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Argus raised its price target on Apple (NASDAQ: AAPL) to $175.00 (from $160.00) while maintaining a Buy rating.

Analyst Jim Kelleher says WWDC announcements are working to help keep Apple relevant and the installed base happy during a period of "enormous disruption."

He says the positive's attributed to Apple are not being reflected in the stock price.

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