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Apple price target raised to $290 from $280 at JPMorgan

JPMorgan raised the firm’s price target on Apple (AAPL) to $290 from $280 and keeps an Overweight rating on the shares as part of a fiscal Q4 earnings preview. The firm expects “robust” high-single digit revenue growth in both Q4 and for Q1 outlook. This should reinforce to investors a positive product cycle for Apple, the analyst tells investors in a research note.

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