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Citi Maintains Buy Rating on Apple (AAPL) Despite Tariff Concerns
Citi Maintains Buy Rating on Apple (AAPL) Despite Tariff Concerns
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Citi analysts reaffirmed a Buy rating on Apple Inc. (AAPL) with a $240 price target, suggesting a 19% upside from current levels. The endorsement comes despite the stock’s 20% year-to-date decline, underperforming other Magnificent Seven members like Microsoft and Meta.
Tariff threats loom large over Apple, with the US administration warning of repercussions for overseas iPhone production. Yet Citi remains bullish, citing the company’s integrated hardware-software-services ecosystem as key to capitalizing on the AI era—even as delays in Siri’s AI features have weighed on shares.
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