Canaccord Genuity ups Apple price target to $444

Canaccord Genuity analyst T. Michael Walkley raised his price target on Apple shares to $444 from $310 on the potential for strong 5G-capable iPhone sales.
Emily Bary for MarketWatch:“Apple is well-positioned to benefit from the long-term 5G investment cycle and we anticipate recovering earnings in 2H/C20 and C2021 as 5G smartphones ramp, the installed base of users grows, and ecosystem service and adjacent hardware sales benefit,” Walkley said in a late Wednesday note to clients.
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