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Melius ups Apple price target to $260, cites upcoming iPhone cycles
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Melius ups Apple price target to $260, cites upcoming iPhone cycles
On August 8th, Melius analyst Ben Reitzes raised his price target on Apple stock to $260 (from $240 ) while maintaining a “Buy” rating. Insider Monkey: The firm is optimistic about the upcoming iPhone product cycles. It also believes that Siri AI concerns are overblown. “Apple’s stock has reacted nicely to tariff news, but we see focus starting to move toward new products and systematic increases in value for iPhones that drives growth for th…
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