BofA Securities Reiterates Buy Rating on Apple (AAPL)

BofA Securities analyst Wamsi Mohan reiterated a Buy rating and $256.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "208 days into the compliance date for Apple, there seem to be minimal effects on downloads of web browsers (Fig 1). During the 208-day period, Google Chrome downloads in the EU are up +135% y/y, totaling more than 13mn downloads. Relative to the total Installed base of devices of 200-300mn in EU, this is a very small fraction. Looking at all EU app store data, total downloads increased +7% y/y while App store rev increased 27% y/y during the period. So far downloads of alternate browsers remain small in EU & overall consumer behavior post DMA remains largely unchanged."

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $226.21 yesterday.

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