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Apple Inc reported strong first-quarter results last week and expectations for continued outperformance are running high.
But an analyst at Credit Suisse is bracing for a more muted performance in the current calendar year and here’s why.
The Apple Analyst
Credit Suisse analyst Sami Badri maintained a Neutral rating on Apple shares and increased the price target from $150 to $168.
The Apple Thesis
After forecast-beating December quarter results, Apple’s management held off from giving explicit guidance but hinted at solid year-over-year growth in the March quarter, analyst Badri said in a note.
