Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Apple Inc. (NASDAQ:AAPL) with a price target of $171. Kumar reduced estimates on Apple's December quarter guide ahead of earnings next week due to a tough global phone environment, initial weakness for iPhones in China, and slightly challenging compares for Mac and iPad. The analyst expects India to gain 3%-4% while China declines 5%-6%. The analyst also raised the FY25 EPS estimate to $6.88 from $6.77.