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Fly News Breaks for October 8, 2015
AAPL
Oct 8, 2015 | 07:43 EDT
Oppenheimer says that Apple's stock hasn't performed well over the last month due to macro concerns and worries about a year-over-year decline in iPhone shipments. The firm believes that iPhone comps may be "tough," but it contends that investors worrying about this issue are being "too shortsighted." The firm thinks the stock is "unfairly undervalued," and keeps a $155 price target and Outperform rating on the shares.