Apple: Wedbush sees 'unique buying opportunity' on China
(CercleFinance.com) - Wedbush Securities maintains its "outperform" rating on Apple, with a 235-dollar target price, saying that investors are taking into consideration an unlikely harsh impact of the US/China trade war.
In a note to clients, the US broker says calls of EPS getting hit by over 20%/30%, with China being closed off for the Cupertino-based company, "are simply not realistic".
According to Wedbush, the situation has created a "unique buy opportunity" for the shares, despite the scary China headlines.
The Apple stock is currently up 1% at 181.4 dollars.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In a note to clients, the US broker says calls of EPS getting hit by over 20%/30%, with China being closed off for the Cupertino-based company, "are simply not realistic".
According to Wedbush, the situation has created a "unique buy opportunity" for the shares, despite the scary China headlines.
The Apple stock is currently up 1% at 181.4 dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.