“W.R. Hambrecht analyst Matthew Kather on Monday raised his price target on Apple Inc.’s (AAPL) stock to $257 a share from $238,” Rex Crum reports for MarketWatch.
“In a research note, Kather said that despite challenges in consumer spending, he expects Apple’s stock to outperform the broader tech market due to the the outlook for Macintosh PC and iPhone sales,” Crum reports.
Full article here.