Maxim Group issues ‘Hold’ on Apple stock, cites over-dependence on China

MacDailyNews
Apr 17, 2024, 10:49 am233 ptsTrending
Maxim Group on Wednesday initiated coverage of Apple (AAPL) with a “Hold” rating and $178 price target. Apple is too dependent on China, from a sales and supply-chain standpoint, and it is overweight a single product, the iPhone, when it comes to its near-term operating results, the firm says. Emilio Ghigini…

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