New York — Apple’s price target was raised to $350 from $280 at Needham, which wrote that the iPhone maker had a number of tailwinds in 2020 that could help it extend 2019’s strong rally.
The new target matches the Street-high view on the shares, and implies upside of almost 18% from its most recent close. Because Apple surpassed Needham’s previous price target of $280, the firm lowered its rating on the stock to buy from strong buy...
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