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Jefferies upgrades Apple to a hold, says June quarter has upside

Pelican Press

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Apple ‘s short-term catalysts may be weighed down by its longer-term risks, according to Jefferies. The bank upgraded the iPhone maker to a hold rating from underperform on Tuesday. Analysts led by Edison Lee accompanied the move by hiking the bank’s price target to roughly $188 per share from $171, suggesting nearly 10% downside from Tuesday’s close. The Tim Cook-led company has tumbled 17%

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