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Evercore ISI Dissects DOJ Lawsuit Against Apple (AAPL): 'more of a headline risk than a financial risk'
March 21, 2024 1:56 PM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "The DOJ has filed its long telegraphed suit against Apple and it will doubtless be a long process that will produce negative headlines, but we think Apple will prevail in the end. The DOJ has been aggressive in pursuing anti-trust suits against big tech though with limited success. Structurally, we think a core challenge is perhaps that current anti-trust... More
Apple (AAPL) have to find a way to settle potential DOJ case - Wedbush
March 21, 2024 9:04 AM EDTFollowing reports that the U.S. Department of Justice (DOJ) is preparing to sue Apple (NASDAQ: AAPL) as soon as Thursday, analysts at Wedbush said they do not expect any business model changes for now, but they believe Apple will eventually have to find a way to settle this case.
Wedbush, which maintained an Outperform rating and $250 price target on Apple, said it believes the iPhone maker may... More
