Apple: Qualcomm deal removes overhang, broker says
(CercleFinance.com) - Credit Suisse maintains its "neutral" rating on Apple, with a target price of 209 dollars, saying that the settlement found with chipmaker Qualcomm removes an "overhang.
According to the broker, the settlement eases the path to 5G for the iPhone maker.
Credit Suisse says the deal removes the overhang associated with a long drawn-out legal battle involving one of the company's main suppliers.
In a note to clients, the broker says it is now looking toward Apple's upcoming earnings release on 30 April for more clarity.
Apple shares are currently up by 0.5% at 200.3 dollars.
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