Apple price target raised to $185 from $175 at Citi - InvestingChannel

Apple price target raised to $185 from $175 at Citi

Citi analyst Jim Suva raised the firm’s price target on Apple to $185 from $175 and keeps a Buy rating on the shares post the fiscal Q3 results. While investors were concerned about the general slowdown in consumer spending, Apple posted an “all-time high” over 1.8B installed base, which sets up well for future services sales, upgrades and replacements, Suva tells investors in a research note. Despite material currency headwinds, Apple is still growing, says the analyst.

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