Apple’s Racial Equity and Justice Initiative surpasses $200 million in investments, doubling initial 2020 commitment

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Apple (AAPL) institutional ownership has increased YTD - Bernstein

June 14, 2023 8:02 AM EDT

Bernstein analyst Toni Sacconaghi believes institutions being underweight Apple (NASDAQ: AAPL) and the tech giant's buybacks could be uniquely helping the stock.

The analyst, who has a Market Perform rating and $175 price target on AAPL shares, said that Apple has been a... More