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Rothschild Redburn upgraded Apple (AAPL) to Buy from Neutral, raising its price target from $260 to $400.
Rothschild Redburn upgraded Apple (AAPL) to Buy from Neutral, raising its price target from $260 to $400. The firm cited Apple's 2.55 billion-device installed base, strong customer retention, high-margin Services business, and AI as a major opportunity. It also forecasts iPhone sales to grow at a 12% five-year CAGR, supported by Apple's expected entry into premium foldables with the iPhone Ultra.
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