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Technology Stocks : Apple Inc.
AAPL 110.41-1.5%Sep 17 3:59 PM EDT

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From: Moonray12/6/2019 7:28:20 AM
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J.F. Sebastian

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Citi lifts AAPL estimates on holiday demand
By: Brandy Betz, SA News Editor, Dec. 5, 2019 9:38 AM ET

Citi analyst Jim Suva maintains a Buy rating on Apple (NASDAQ: AAPL)
and raises the target from $250 to $300.

The analyst "materially" increases his earnings estimates, saying he
believes "this Christmas is different" for the tech giant.

Suva: "This year Apple is not facing supply yield production constraints
nor a staggered iPhone product launch."

The firm's research shows strong Black Friday/Cyber Monday sales
for the AirPods and Apple Watch 3 Series.

For Q1, Suva expects $89.5B in revenue (consensus: $87.9B)
and $4.58 EPS (consensus: $4.51).

The company has a Bullish average Sell Side rating.

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