Apple price target raised to $270 from $250 at Wedbush

Wedbush raised the firm’s price target on Apple (AAPL) to $270 from $250 and keeps an Outperform rating on the shares. The firm says that in Apple’s earnings/conference call, the company delivered generally solid results with China geographically performing better than expectations and was flat year-over-year a significant improvement from the prior quarter. The elephant in the room continues to be the tariff tornado with Apple and Cook caught in the eye of the storm and Wedbush learned on the conference call that India will be the “life raft supply chain” that should help Apple navigate this unprecedented tense environment in China.