Drexel Hamilton 'aggressive buyers' of Apple on order cut report weakness - InvestingChannel

Drexel Hamilton ‘aggressive buyers’ of Apple on order cut report weakness

Drexel Hamilton analyst Brian White said he would be an “aggressive buyer” of Apple shares amid the weakness that he attributes to media reports around order cuts for the iPhone 8/8 Plus. He believes the staggered launch of the iPhone 8/8 Plus and iPhone X is causing more confusing data points relative to past cycles and notes that Apple has cut forecasts before “even during some of the best iPhone cycles.” The analyst, who notes that consumers are waiting on the iPhone X, keeps a Buy rating and $208 price target on Apple shares, which are down 2.4% to $155.92 in early trading.