- Lowering rating from Strong Buy to Buy given present trade within 6% of firm's prior $150 target, analyst Laura Martin notes Apple remains a top pick on implied higher EPS growth and valuations driven by recurring revenue streams, positioning as an "arms dealer in a rising tide" and mobile growth pure play, inexpensiveness and downside protection.
- Shares (NASDAQ:AAPL) $141.36, +0.31%.
- Earlier (March 24, 2017): Apple target increased to $165 at Instinet