Apple gains as John Ternus takes over as CEO - AAPL News | RalliesApple gains as John Ternus takes over as CEO
A
AAPL• Apple shares rise after CEO handover
- iPhone maker Apple's AAPL.O shares rise 2.8% to $325.70 after John Ternus takes over as CEO
- Tim Cook, who was CEO from 2011, becomes co's executive chairman
- Brokerage Rosenblatt raises AAPL PT to $303 from $300, representing a 4.4% downside to the stock's last close
- "We assume successful navigation of supply chain constraints, with price hikes and premium-priced products muting margin pressures," Rosenblatt says
- 29 of 47 brokerages rate AAPL "buy" or higher, 14 "hold" and four "sell" or lower; median PT is $332.50 - data compiled by LSEG
- Including session's moves, stock up ~20% YTD
•
