Apple Price Target Trimmed By Rosenblatt -Breaking
Investing.com — Apple’s (NASDAQ:) price target was cut to $168 from $184 by Rosenblatt analyst Barton Crockett on Monday.
The Fly quotes the analyst who maintained a neutral rating for Apple shares as saying that although the March report was positive, it was also affected by larger supply chain disruptions expected in the June quarter.
Crockett said that he does not know when China will “cease to be an Apple covid risk.”
Elsewhere, Morgan Stanley (NYSE: ) Katy Huberty, analyst at Katy Huberty, reiterated an Apple price target of $195 and an overweight rating.
Huberty stated that the analysis of Huberty’s 10Q revealed a surge in supplier inventories pointing to supply chain disruptions as well as SE3 increases. A balance sheet inventory unwind highlights expected improvements.
Apple shares rose 0.1% Monday