Raymond James cuts Apple price target to $305

Raymond James analyst Chris Caso cut his Apple price target to $305 from $360, citing expectations of slower iPhone and wearables demand due to the, you guessed it, COVID-19 pandemic.
Tomi Kilgore reports for MarketWatch:Caso reiterated his outperform rating on Apple. “Our checks suggest iPhone component order cuts on the order of 15% of prior expectations,” Caso wrote in a note to clients. “Prior to the [COVID-19] crisis, we believe Apple had been forecasting upside to Q2 buil