Wall Street's biggest Apple bull: China sales are 'fuel in the engine'

Wall Street's biggest Apple bull: China sales are 'fuel in the engine'

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/10/19/wall-streets-biggest-apple-bull-china-sales-are-fuel-in-the-engine.html

Strong Chinese demand and a growing services business are critical on Apple's "yellow brick road" to a $1.5 trillion market cap, which Wedbush Securities analyst Dan Ives said is more than possible.

Ives initiated coverage of Apple with an outperform rating and a 12-month price target of $310, higher than any other analyst on Wall Street. His target is 40 percent higher than Apple's closing price on Thursday.