Evercore ISI added Apple (AAPL) to the firm’s “Tactical Outperform List” while maintaining an Outperform rating on the shares with a $290 price target Apple is well positioned to report upside to September quarter consensus estimates and could guide to outperformance in the December quarter, the analyst tells investors in a research note. Evercore’s positive bias is driven by iPhone data points that suggest the iPhone refresh cycle may be better than average. Lead times for the base iPhone 17 are above last year’s October levels and survey work points to a strong demand environment, contends the firm.
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