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JPMorgan Reaffirms Buy Rating on Apple Amid Strong Demand for iPhones

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AAPL JPM
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Apple (NASDAQ:AAPL) received a buy rating from JPMorgan Chase & Co.

The firm's stock price opened at $334.94 on Monday, with a market capitalization of $4.89 trillion and a P/E ratio of 38.48.

This is not the first time Apple has received a buy rating; several other research firms have also issued positive reports on the company.

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