RBC Expects These 8 Features for Apple's (AAPL) iPhone 7

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Apple (AAPL) Unfavorable Tax Ruling is 'Manageable' - RBC

August 30, 2016 10:39 AM EDT

RBC Capital analyst Amit Daryanani reiterated an Outperform rating and $117 price target on Apple (NASDAQ: AAPL) saying today's tax ruling is "manageable" and sees minimal impact on the company's EU operations.

Daryanani commented, "The European Commission's statement claims AAPL received illegal tax benefits of 13B or $14.5B during the... More