Apple (AAPL) PT Raised to 'Street High' $425 at Wedbush; 'we now believe the iPhone 12 will be in late September'

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Go back to Apple (AAPL) PT Raised to 'Street High' $425 at Wedbush; 'we now believe the iPhone 12 will be in late September'

Apple (AAPL) PT Raised to $400 at Citi for 5 Reasons

June 16, 2020 6:14 AM EDT

Citi analyst Jim Suva raised the price target on Apple (NASDAQ: AAPL) to $400.00 (from $310.00) for five reasons:

1) Upcoming 5G iPhone Launch - the press event is still expected in September with availability slightly later than in the past.

2) Current Expectation Have Been Reset Lower - Consensus estimates for iPhone sales have declined by ~15% y/y... More