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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) shares down after US DOJ sues the company on iPhone monopoly claims
March 21, 2024 10:57 AM EDT(Updated - March 21, 2024 4:42 PM EDT)
Apple (NASDAQ: AAPL) stock closed 4% lower Thursday after it was confirmed the Department of Justice (DOJ) has officially sued the iPhone maker in an antitrust case for monopolization of smartphone markets.
The U.S. Justice Department and 17 states filed an antitrust lawsuit against Apple, saying the company "imposed restrictive rules for... 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
