Apple (AAPL) PT Raised to Street-High $208 at Drexel Hamilton
Drexel Hamilton analyst Brian White raised his price target on Apple (NASDAQ: AAPL) to a Street High $208.00 (from $202.00) while maintaining a Buy rating.
White commented, "Exiting the trough revenue quarter of Apple's fiscal year, we believe investors will now feel more confident in owning the stock for the upcoming iPhone 8 cycle that is expected to begin this fall, while also benefitting from the company's capital distribution initiative, attractive valuation and potential new innovations. We continue to believe Apple remains among the most underappreciated stocks in the world."