Dec 11, 2015, 11:08 am EST
Stifel Nicolaus’s Aaron Rakers this morning reiterates a Buy rating on shares of Apple (AAPL), and a $150 price target, writing that the company used an “extremely well-timed FX hedging program” in 2015 to hold onto $4.1 billion in revenue and 70 cents per share in net income, by his estimates, that it otherwise would have lost as the U.S. dollar rose against other world currencies.
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