Raymond James boosts price target for Apple
October 21, 2019 - Raymond James has raised its target stock price for Apple Inc. from $250 a share to $280 a share. Analysts at the St. Petersburg-based financial services firm cited more favorable data on sales of the iPhone 11, according to CNBC. Raymond James also is optimistic about the 5G iPhone expected next year, SeekingAlpha said. Raymond James maintained an outperform rating on Apple. Apple (Nasdaq: AAPL) is a major customer of both Tech Data (Nasdaq: TECD) and Jabil (NYSE: JBL), the No. 1 and No. 2 largest companies, respectively, in the Tampa-St. Pete area. Apple shares closed Friday, before the Raymond James report came out, at $236.41 and were trading higher before the market opened Monday.