Apple: Wedbush raises target price

(CercleFinance.com) - Wedbush maintains its Outperform rating on Apple shares, and has raised its target price for them to $190 (from $180).


"Our Asia iPhone supply chain checks this week have been incrementally more positive with a modest uptick in demand coming out of China for Apple with a clear demand rebound happening in this key region post December," the analyst says.

Wedbush says that January and February - and early indications around March - are steady on the iPhone-front.

It adds that further announcements from Apple are expected and " could be noteworthy and move the needle on the name over the coming months including: 1) Apple Glass-AR/VR headset launch by the summer".


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