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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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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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.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.