Barclays analyst Tim Long raised the firm’s price target on Apple to $149 from $145 and keeps an Equal Weight rating on the shares. The analyst sees in-line March quarter results for Apple as better iPhone revenue offset weaker Macs and Services. However, June quarter estimates look to be at risk due to deteriorating demand trends, says the firm. It expects a guide-down with revenue declining by low single digit year-over-year, but says it is "not clear that it matters for the stock."
Published first on TheFly
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