Apple keeps Buy rating at BofA on earnings resiliency despite weak iPhone outlook
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Contributor since / Followers
Contributor since / Followers
2 days ago
Michael M. Santiago
BofA Securities reiterated its Buy rating on Apple (NASDAQ:AAPL) but lowered the price target to $253 from $256, noting that there is focus on earnings resiliency despite weaker iPhone outlook.
Shares of Apple rose about 1% premarket on Friday.
Analysts led by