Apple price target raised at Evercore with $225 bull case on long-term growth
Outlining the "next set of 'multi-billion' dollar opportunities that could further drive value creation," Evercore maintains an Outperform rating on Appleand raises the price target from $163 to $175 with a bull case of $225 and a bear case of $90.Analyst Amit Daryanani remains focused on the Services and Wearables businesses, seeing a "clear path" to $100B in Services revenue by FY25 and $70B for Wearables. The growth should help drive margin expansion and "help smooth out" the cyclical nature
Tesla factory had more than 400 COVID-19 cases after Elon Musk's defiant reopening: report
Data found cases at Fremont, Calif., factory spiked in December. Hundreds of COVID-19 cases were reported at Tesla Inc.'s production plant in Fremont, Calif., after it reopened last May in defiance of local health regulations, according to a new report.Tesla's plant, which manufactures Model S, Model 3, Model X and Model Y electric vehicles, was shut when local shelter-in-place orders were put into effect last March, in an effort to stop the spread of COVID-19. There were concerns at the time t