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Melius ups Apple price target to $260, cites upcoming iPhone cycles
On August 8th, Melius analyst Ben Reitzes raised his price target on Apple stock to $260 (from $240 ) while maintaining a "Buy" rating…
On August 8th, Melius analyst Ben Reitzes raised his price target on Apple stock to $260 (from $240 ) while maintaining a “Buy” rating. “Apple’s stock has reacted nicely to tariff news, but we see focus starting to move toward new products and systematic increases in value for iPhones that drives growth for the next 3+ years. Our target adjusts to $260, and we think concerns about the Siri delay are overblown since Apple isn’t losing share.
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