From TheFly, which snagged the note:
Bernstein analyst Toni Sacconaghi raised the firm’s price target on Apple to $170 from $132 and keeps a Market Perform rating on the shares. The analyst believes Apple benefited significantly from the pandemic, and sees risk of more muted earnings growth over the next few years.
Maintains Market Perform rating. Raises price target to $170 from $132.
My take: Eager to see what he says now about being wrong for so long. I’ve asked to see the note. Wouldn’t be surprised if CNBC books him today.