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UBS: Apple could repurchase $122B through 2019

Published 01/08/2018, 03:52 PM
© Reuters.  UBS: Apple could repurchase $122B through 2019
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  • UBS says Apple (NASDAQ:AAPL) could acquire $122B of its own shares through 2019.
  • Analyst Steven Milunovich expects Apple to repatriate around $250B of offshore cash as part of the new U.S. tax plan and says that cash will go towards increasing buybacks.
  • Buy rating and $190 price target reaffirmed. Price target is a 9% upside to Friday’s close.
  • Previously: Apple Watch control coming to Whirlpool (NYSE:WHR) appliances; KeyBanc sees poor iPhone X sales (Jan. 8)
  • Now read: Engadget: Nvidia Beats Apple To The Punch


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