Jefferies upgrades Apple on potential for earnings beat

MacDailyNews
Jul 2, 2025, 10:02 am262 pts
Edison Lee, a Jefferies analyst, upgraded Apple stock to Hold from Underperform in a research note released on Tuesday, pointing to the possibility that the next earnings report could exceed expectations. The analyst’s focus is on China, where Lee estimates iPhone sales rose by approximately 10% in the first…

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