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Technology Stocks : Apple Inc.

AAPL 211.24

+0.5%

Apr 29 3:59 PM EDT

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From: Moonray	7/27/2020 9:49:51 AM
	1 Recommendation of 213126

JPMorgan boosts Apple target to $425 despite Focus List removal Despite removing the shares from JPMorgan's Analyst Focus List, analyst Samik Chatterjee raised the firm's price target on Apple to $425 from $365 and keeps an Overweight rating on the shares. The analyst sees upside to $425 per share by the end of 2021, driven by a "strong replacement cycle" with upcoming 5G iPhone launches, Apple's leverage of a "strong" Services portfolio benefitting from large installed base of users, as well as an "underappreciated leverage" to work from home trends. With that said, Chatterjee believes an earnings beat in the June quarter as well as strong early 5G cycle volumes appear to be priced into the shares. AAPL is up $8.25 today. o~~~ O

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