Apple stock steady near $247 as Evercore turns bullish, Citi trims target before earnings
Apple shares closed at $246.76 Wednesday after fluctuating between $244.85 and $248.70. Evercore upgraded Apple to “Tactical Outperform,” while Citi cut its price target, citing higher memory costs. Investors await Apple’s Jan. 29 earnings for updates on iPhone demand and profit margins. A federal judge dismissed parts of a privacy lawsuit against Apple but allowed some claims to be revised.