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Apple raised to $180 target at AF. Bauer

From $135, analyst Hugo Benedict notes recent Apple strength despite already robust year-to-date performance given a returned rotation into technology and a bottoming of sentiment and estimates over near past.

Relays positive supply chain indicators by firm's US analysts, leading to group's raise of 2017 iPhone production estimates from 213M units to 225M (+11% Y/Y).

Buy rating retained. Apple (NASDAQ:AAPL) $137.06, +0.36%.

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