Apple: Wedbush still a buyer after Trump comments
(CercleFinance.com) - An analyst at Wedbush reinstates his "buy" ("outperform") rating on the Apple share, benefiting from a statement made by the US President Donald Trump, who guaranteed that his administration would study the possibilities of new tax exemptions in favor of the US tech giant.
"While this is all a game of high stakes poker between the US and China as they head to a likely Phase 1 agreement on the tariff talks, Apple continues to be in the cross fire given its flagship iPhone manufacturing footprint in China," the broker says.
Wedbush therefore confirms its target price of 325 dollars (23% upside) for the share.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
"While this is all a game of high stakes poker between the US and China as they head to a likely Phase 1 agreement on the tariff talks, Apple continues to be in the cross fire given its flagship iPhone manufacturing footprint in China," the broker says.
Wedbush therefore confirms its target price of 325 dollars (23% upside) for the share.
Copyright (c) 2019 CercleFinance.com. All rights reserved.