*Walter Bloomberg|Sep 03, 2025 11:16
AAPL - APPLE RISES OVER 4% PREMARKET AS BOFA LIFTS PRICE TARGET
BofA analyst Wamsi Mohan lifted Apple’s price target to 260 from 250 and kept a Buy rating. The DOJ-Google antitrust ruling was seen as a “win for Apple,” as Google can no longer sign exclusive search and app distribution deals but can still pay for default placement annually. Mohan raised Apple’s valuation multiple on stronger confidence in Services growth.(*Walter Bloomberg)
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