Loop Capital lowered the firm’s price target on Apple (AAPL) to $215 from $230 and keeps a Hold rating on the shares. The firm is amending its estimates based on the fresh iPhone build updates from its supply chain study and the company’s business operation actions given tariff dynamics, the analyst tells investors in a research note. Loop adds however that ironically, Apple’s actions provide a much-needed bridge into the iPhone 17 launch.
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