UBS hikes price target for Apple ahead of earnings, says strong iPhone sales create more upside

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Jesse Pound@/in/jesse-pound@jesserpound
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Customers walk around the new Apple Store on Broadway in downtown Los Angeles, California, June 24, 2021.
Lucy Nicholson | Reuters

Apple is poised to report strong sales of its flagship product for what is historically a slower spring quarter, and its stock has double-digit upside, according to UBS.