Deutsche Bank analyst, Sheri Scribner, reiterated her Hold on shares of Apple (NASDAQ: AAPL) despite better-than-feared iPhone units, and guidance that was more positive than expectations. The analyst stated "we continue to worry about slowing smartphone growth and elongating refresh cycles in mature markets. Given these long-term challenges, we continue to view future growth as more challenged, and see current valuations as fair."

No change to the price target of $105.00

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Shares of Apple closed at $96.67 yesterday.