Citi continues to recommend Apple as ‘iPhone 15 launch catalyst is on’ By Investing.com

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<span>© Reuters. Citi continue to recommend Apple (AAPL) as ‘iPhone 15 launch catalyst is on’</span><br />
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<p>Citi analysts maintained a Buy rating and $240 per share price target on Apple (NASDAQ:) in a note Thursday.</p>
<p>The analysts told investors that the “iPhone 15 launch catalyst is on.”</p>
<p>“We continue to recommend our positive AAPL vs negative SWKS catalyst watch events going into iPhone 15 launch,” they wrote. “AAPL stock has outperformed SWKS ~500bps relatively since early August.”</p>
<p>They noted that the recent US supply chain discussions point to a strong replacement cycle potential in the iPhone 12 installed base, with there being “excitement around ~30% faster charging on upgraded USB-C vs Lightning port.”</p>
<p>“US supply chain IP15 unit expectations remain ~85M (Citi 81M), however, the launch timing could move around depending on potential component manufacturing supply constraints,” concluded the analysts.</p>
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<br /><a href="https://www.investing.com/news/stock-market-news/citi-continues-to-recommend-apple-as-iphone-15-launch-catalyst-is-on-432SI-3156497">Source link </a></p><p>The post <a href="https://forextraderhub.com/citi-continues-to-recommend-apple-as-iphone-15-launch-catalyst-is-on-by-investing-com.html">Citi continues to recommend Apple as ‘iPhone 15 launch catalyst is on’ By Investing.com</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>