Evercore ups ‘tech staple’ Apple’s target price to $275 from $260

On Tuesday, Evercore ISI released its fifth annual “Apple Primer,” providing an in-depth analysis of Apple and raising its price target for the stock from $260 to $275 while maintaining an “Outperform” (buy) rating. The firm emphasized Apple’s position as a “tech staple” capable of sustaining mid-single-digit revenue growth and low-to-mid-teen growth in earnings per share (EPS) and free cash flow (FCF) over the coming years. Here’s a breakdown of