Barclays remains negative on Apple (AAPL) even after the underperformance year-to-date. Investors need to pay more attention to iPhones being “ex-growth,” the company’ Services being “very concentrated and at risk,” and that “no other products matter for the stock,” the analyst tells investors in a research note. Barclays says it still doesn’t like Apple shares and keeps an Underweight rating on the name with a $173 price target Apple closed Monday up 50c to $201.50.
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