Rosenblatt Starts Apple (AAPL) at Neutral

Rosenblatt analyst Barton Crockett initiates coverage on Apple (NASDAQ: AAPL) with a Neutral rating and a price target of $184.00.

The analyst commented, "After enjoying a pandemic boost to computer and tablet sales, share gains from better technology (courtesy of M1) and a surprisingly well-received new iPhone cycle last year, Apple is confronting an obstacle that seems hard to overcome -- China lock downs that appear unlikely to fully abate any time soon. Apple is exposed to both demand and supply, while also facing tepid response to its latest update to iPhone SE. This, to me, looks like loose threads on Superman's cape, prompting a launch at Neutral with a $184 PT, modestly above recent levels."

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 $165.07 yesterday.

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