Bank of America boosts Apple stock outlook on app store strength [CNBC]
Bank of America Corporation (BAC)
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Source: CNBC
Bank of America Merrill Lynch bumped its price target on Apple stock up to $250 per share from $230 per share on Tuesday. The strong growth rate of non-gaming categories gives us increased confidence in the sustainability of strong App Store sales, analyst Wamsi Mohan wrote in a note. The firm raised its 2019 revenue estimate for Apple's services business by about $800 million. Published 21 Mins Ago CNBC.com
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