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JP Morgan raises Apple price target to $360 despite iPhone demand concerns
JP Morgan raised its Apple price target from $340 to $360 while maintaining an Overweight rating. The move follows reports of production cuts for the iPhone 18 Pro and Pro Max, which the bank said could reflect Apple’s usual production patterns rather than an unexpected demand drop.
- JP Morgan raised Apple’s price target to $360 and kept its Overweight rating.
- Apple shares closed at $340.97 after falling about 2.5% in early trading.
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