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Goldman Boosts Apple Price Target, Expects New iPhone To Cost $1,000

Goldman Boosts Apple Price Target, Expects New iPhone To Cost $1,000

With futures looking ominously ungreen this morning, what better way to prop them up than to upgrade the stock that alone has contributed to 13% of the S&P's return YTD...

 

... Apple.

That'sprecisely what both BofA and Goldman have done this morning, with the former raising its 12-month price target to $170 from $164, "based on a target P/E of 15x (unchanged) and our CY18 EPS estimate of $11.38 (up from $10.91)."

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