Apple (AAPL) PT Raised to $250 at BofA/Merrill Lynch
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Price: $167.04 -0.57%
Rating Summary:
39 Buy, 25 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
39 Buy, 25 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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BofA/Merrill Lynch analyst Wamsi Mohan raised the price target on Apple (NASDAQ: AAPL) to $250.00 (from $230.00) while maintaining a Buy rating.
The analyst believes the App Store diversification away from gaming is positive for the company's Services business. The analyst says non-gaming apps are growing at a faster rate and account fora higher percentage of App Store revenues. Mohan raises FY 2019 revenue and EPS estimates.
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