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2021-04-01

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Apple upgraded as UBS sees Apple Car worth $14 per share

Telling investors to "bite the big Apple" , UBS upgrades the iPhone maker from Neutral to Buy and raises the price targetfrom $115 to $142.Analyst David Vogt cites the stable long-term iPhone demand with higher average selling prices and Apple's potential entry into the automotive market, which Vogt doesn't see reflected in the current valuation.Vogt says that the firm's analysis of the auto market and Apple's self-driving vehicle investments in licenses and lidar patents suggests that "Apple's

Apple upgraded as UBS sees Apple Car worth $14 per share

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