JP Morgan lowers Apple price target on supply constraint worries, still bullish long-term

While price increases didn't worry the investors at JP Morgan, ongoing supply chain constraints will have a short-term impact, and thus their new price target is $340.Apple's record-breaking quarter wasn't enough to keep investors from worryingIt's been a bumpy few months for Apple thanks to RAM shortages, price increases, and supply constraints. Investors expect that these problems will continue through…

Summary from the AppleInsider feed. The full story lives on their site.