Apple price target raised to $230 from $180 at Barclays

Barclays raised the firm’s price target on Apple (AAPL) to $230 from $180 and keeps an Underweight rating on the shares following the earnings report. Apple reported slight better sales with spending ramping meaningfully for artificial intelligence, the analyst tells investors in a research note. Barclays remains concerned around the broader regulatory environment for Apple’s services.