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Apple (AAPL) PT Maintained at $195 at Wells Fargo; 'China Mobile Phone Export Data Reinforces Cautious Opinion on iPhone Cycle'

December 28, 2017 5:58 AM EST

Wells Fargo maintained its price target on Apple (NASDAQ: AAPL) at $195.00 while maintaining a Market Perform rating, following a review of the company's iPhone-related data out of China.

Analyst Aaron Rakers notes a cautious outlook on the company's iPhone cycle in China, citing mobile phone export data out this week that... More