Apple price target raised to $180 from $175 at Wedbush

Wedbush analyst Daniel Ives raised the firm’s price target on Apple to $180 from $175 and keeps an Outperform rating on the shares. Apple delivered a mixed December quarter that featured modest top and bottom-line misses as the company faced major iPhone supply chain issues due to Covid lockdowns in China and significant FX headwinds, the analyst tells investors in a research note. No major layoffs are planned for Apple, a stark contrast to other tech giants, the firm says.