Shares of Apple (NASDAQ: AAPL) may have closed lower in back-to-back trading days since Tuesday's iPhone X event, but it doesn't mean that all of Wall Street is down on the stock. Hilliard Lyons analyst Stephen Turner is boosting his price target on the world's most valuable consumer tech company up to $182.
The iPhone X hitting the market in early November was a few weeks later than he was expecting, something that is clearly weighing on post-event sell-off. Turner is still encouraged to see that Apple is sticking to its guidance for the fiscal fourth quarter that ends this month. He is reiterating his Long-Term Buy rating on the shares.
Image source: Apple.
Source: Fool.com