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FBN Trims PT on Apple (AAPL) to $150; Weak Watch, iPad Sales Offset Strong iPhone, China Performance
July 22, 2015 2:42 PM EDTFBN Securities reaffirms Apple (Nasdaq: AAPL) at Outperform and moves its price target from $160 down to $150 following Q3 results reported after markets closed on Tuesday.
Analyst Shebly Seyrafi, CFA, noted that strong iPhone and China sales countered weaker iPad and Apple Watch sales.
Seyrafi commented, iPhone sales again were strong, with revenue of $31.4B... More
