Citi boosts Apple target to new Street high, shares gain

Shares of Apple are up $9.25 (+2.70%) to $352.24 in premarket trading Tuesday after Citi Research analyst Jim Suva raised his price target to $400 from $310 while maintaining a buy rating on the stock.
Emily Bary for MarketWatch:Suva’s new $400 price target is higher than all those listed on FactSet. He is upbeat about the upcoming 5G upgrade cycle and expects that while Apple could start selling its new 5G phones a month or so later than usual in the fall, the company “will likely h