Piper Jaffray analyst Michael Olson raised his price target for Apple shares to $190 following the better than expected June quarter results. The shares in premarket trading are up 6%, or $9.28, to $159.33.
The company's guidance implies that fears of an iPhone 8 launch delay, and/or limited availability of the device, may have been overblown, Olson tells investors in a post-earnings research note. He recommends owning the shares into the launch and keeps an Overweight rating on the name.
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