Apple upgraded to Neutral at MoffettNathanson with headwinds having faded

As previously reported, MoffettNathanson analyst Craig Moffett upgraded Apple (AAPL) to Neutral from Sell with a $225 price target A number of key headwinds have faded and the “worst-case scenarios are off the table,” the analyst tells investors. Price discounting in China has lessened the risk of market-share losses in the country, while exemptions have “almost eliminated” the “material tariff penalties,” says the analyst, who still views Apple as “a very expensive stock” and the company facing remaining AI challenges.