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Apple: Jefferies raises target price

( - On Wednesday a Jefferies analyst said that he is raising his targer price for the Apple stock, from 350 dollars to 370 dollars (vs.
current price of 316.73 at close on Tuesday).

"Our analysis of web traffic indicates that Apple has seen strong growth through online channels since the start of COVID-19. Further, the new iPhone SE has seen very strong demand through the month of April," the broker said.

Jefferies therefore maintains its buy rating on the stock.

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