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Apple’s Stock Climbs a Wall of Hedge Fund Worry

UBS raised its price target on the stock — after more than half of Apple’s hedge fund investors sold shares.

  • By Stephen Taub

Shares of hedge fund favorite Apple jumped nearly 2 percent, to approximately $190, last week after UBS substantially raised its price target on the stock. Unfortunately for many hedge funds, the move didn’t help them. That’s because Apple suffered the biggest decline in popularity among all hedge funds in the first

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