Apple raised on holiday sales, 5G expectations

Dec. 11, 2019 9:25 AM ETApple Inc. (AAPL)AAPLBy: Brandy Betz, SA News Editor30 Comments
  • Bank of America raises its Apple (NASDAQ:AAPL) price target from $270 to $290, expecting AAPL to benefit from "5G adoption driving consistent 200mm+ iPhone units" in CY20-22.
  • BofA also cites the "attractively priced" wearables portfolio and continuing strong demand for the existing iPhones.
  • Evercore lifts Apple from $275 to $305, seeing a "robust" holiday season for the AirPods and iPhone 11.
  • Apple shares are up 0.3% pre-market to $269.35. The company has a Bullish average Sell Side rating.
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