Citigroup Initiates Coverage On Apple with Buy Rating, Announces Price Target of $240
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Jim Suva has initiated coverage on Apple with a Buy rating and a price target of $240.
June 30, 2023 | 8:33 am
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POSITIVE IMPACT
Citigroup's Buy rating and price target of $240 for Apple could potentially boost investor confidence and positively impact the stock's price in the short term.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. Given Citigroup's influence and the positive Buy rating, this could lead to increased buying pressure for Apple's stock, potentially driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100