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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.
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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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