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Deutsche Bank raises Apple price target

Published 07/17/2017, 02:28 PM
© Reuters.  Deutsche Bank raises Apple price target
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  • Deutsche Bank (DE:DBKGn) raises Apple’s (NASDAQ:AAPL) price target by $2 to $132 and maintains a Hold rating.
  • Despite the price increase, analyst Sherri Scribner says Street estimates too kind to Apple and that “investors will be disappointed by iPhone growth in FY-18 and FY-19.”
  • Scribner notes the “fundamental challenges Apple faces in the smartphone market” including market saturation due to longer refresh cycles and increasing competition in the China market.
  • Source: StreetInsider.
  • Apple shares are up 0.32%.
  • Now read: Apple: Is It Now Or Never?


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