Apple price target raised to $250 from $230 at DA Davidson

DA Davidson analyst Gil Luria raised the firm’s price target on Apple (AAPL) to $250 from $230 and keeps a Buy rating on the shares. The company reported solid fiscal Q2 earnings that were largely underscored by accelerating iPhone growth despite weaker than expected sales in China, the analyst tells investors in a research note. The firm says management noted they saw strong performance across Apple’s various product segments during the quarter and improving prospects in China, and provided “some reassurance” surrounding tariff impacts and the expected headwind in the upcoming June quarter. DA Davidson views the earnings print as “better than feared” as iPhone “remains strong.”