Citi initiates Apple coverage with ‘Buy’ rating and $240 price target

MacDailyNews
Jun 30, 2023, 8:56 am254 pts
Citi Research analyst Atif Malik late Thursday initiated coverage of Apple stock with a “Buy” rating and a $240 price target. Emily Bary for MarketWatch: “We believe the Street is underestimating continued gross margin expansion,” he wrote in his note to clients, which was titled: “A Hardware Company That…

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