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Fly News Breaks for October 23, 2015
VSH, SANM, AAPL
Oct 23, 2015 | 07:20 EDT
Citi analyst Jim Suva removed Apple (AAPL) from his firm's US Focus List saying tough comps and limited potential sales/earnings upside in the near term may cause some investors to exit the stock. This would create an attractive entry point for long-term investors, Suva tells investors in a research note. He reiterates a Buy rating on Apple with a $145 price target. The iPhone maker closed yesterday up $1.74 to $115.50. The Focus List consists of Citi's highest conviction stocks with identifiable and non-consensus calls. The analyst also downgraded this morning both Sanmina (SANM) and Vishay (VSH) to Sell. Piper Jaffray analyst Gene Munster today said Apple remains his top large cap pick into the September quarter earnings season.
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