TOSBF - Apple added to Evercore tactical outperform list ahead of FQ2 earnings

Apple (AAPL) is "positioned to report sizable upside versus expectations" when it reports FQ2 results later this month, says Evercore analyst Amit Daryanani.Daryanani maintains a Buy rating and $175 price target for Apple and adds the iPhone maker to the tactical outperform list.The analysts says the upside will be driven by iPhone and Services strength despite the ongoing supply chain disruptions. Apple should be "relatively protected" from the shortages due to its "status as one of the largest electronics purchasers in the world."Apple had guided for a lower than seasonal drop in iPhone revenue in FQ2 and decelerating Services growth after the "very strong" +30% Y/Y growth in FQ1. But Daryanani sees the potential for Services revenue to come in flat or even accelerate due to App Store strength.The analyst expects Apple to guide the June quarter to match or slightly exceed estimates.Apple shares are up slightly pre-market to $134.95.Yesterday, Apple announced a

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Apple added to Evercore tactical outperform list ahead of FQ2 earnings