Information Provided By:
Fly News Breaks for March 30, 2017
AAPL
Mar 30, 2017 | 14:43 EDT
Raymond James analyst Tavis McCourt raised his price target for Apple to $159 from $152 into Q2 results. Nonetheless, the analyst notes that the setup into this quarter's earnings warrants more near-term caution than last quarter, as the stock has outperformed the S&P 500 by nearly 20% since last quarter's results, and investor fears over near-term demand trends have waned meaningfully in the past 90 days. McCourt reiterates an Outperform rating on the shares.