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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
