Evercore reaffirms ‘Outperform’ rating on Apple stock

This week, Evercore ISI reiterated Apple stock as “Outperform,” with a price target of $250. The firm stated that it’s standing by the stock in the face of Apple tariff headwinds.
“Apple looks positioned to deliver upside to Mar-qtr but focus will be on Jun-qtr guide and how they incorporate the impact of tariffs. There are a lot of moving parts on the tariff calculations, but currently imports from China are subject to a 20% tariff – though there is concern that w