Option Millionaires

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$AAPL gets $310 tgt

Wedbush starts Apple with Outperform rating and $310 price target
Wedbush analyst Daniel Ives last night initiated coverage of Apple with an Outperform rating and $310 price target. The analyst added the shares to his firm's Best Ideas List. He believes pent-up demand will upside to 2019 iPhone shipment estimates. An analysis shows that 350M iPhones are in the "window of opportunity" to upgrade over the next 12 to 18 months, Ives tells investors in a research note. Further, the analyst believes the features and pricing for the new iPhones help put Chinese consumers "front and center.