Wedbush maintains Outperform rating and $200 price target on Apple

Despite estimating a 5% decrease in iPhone 14 supply, Wedbush Managing Director and Senior Equity Research Analyst Daniel Ives on Wednesday maintains an “Outperform” rating and $200 price target on Apple shares.Daniel Ives via Philip Elmer-DeWitt’s Apple 3.0:The zero Covid China shutdowns in Foxconn have been a major gut punch to Apple this quarter and we believe have taken roughly 5% of iPhone 14 units out of the supply chain and thus putting Cupertino in a “major shorta