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KeyBanc Capital Analyst Raises Apple (AAPL) Rating!

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KeyBanc Capital’s Analyst Andy Hargreaves raised his rating on Apple (AAPL) to overweight based on more “subscription-like” strategy that can offset stagnating iPhone sales growth. He set a base-case price target of $187. Shares of AAPL closed Monday’s trading at $159.88 up +1.89%.

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Apple’s stock jumps after KeyBanc upgrade to buy rating

Apple’s stock rallies after an upgrade at KeyBanc, which said the company’s more aggressive “market segmentation” strategy has offset concerns over the lack of iPhone unit sales growth…

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