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Jim Suva, analyst at Citi, reiterates a note from Apple's Buy (NASDAQ: AAPL) with a target of $ 200 (+ 8%) and lists five reasons why investors should buy before back to school.
list: Promising product range for 2018, return on capital, increase in service revenues, medium-term corporate growth and attractive valuation compared to previous cycles.
According to the analyst, demand is expected to "rise during the start of the school year and production declines generally precede the launch of new models in the fall".
Apple shares are down from 0.8% $ 183.66.
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