Apple Earnings Expectations Lower on Negative iPhone Sentiment

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ThePitBoss
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HSBC reiterated its Buy rating and has a $205 price target.

Loop Capital reiterated its Buy rating and $195 price target. Loop believes that Apple’s shares have to digest stronger-than-anticipated results after absorbing significant reductions in iPhone unit expectations that it believes is likely to have a tail through the year and the launch of the iPhone X V2.