(News Bulletin 247) – Jefferies confirms its ‘buy’ recommendation and its target price of 195 dollars on Apple, the day after a publication for the second accounting quarter, which it describes as ‘resilient’ for the technology group.
“Few things in the market are as certain as Apple’s cash-generating capabilities, the resilience of its products and remarkably high consumer sentiment,” the broker said.
“The March quarter featured all three, along with a new $90 billion share buyback program and iPhone outperformance,” he continues, warning, however, that “macro uncertainty continues to be the main theme’.
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