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Bank of America is upping its Apple stock price target to $260 in the wake of the antitrust ruling that sweeps away fears that Google wouldn’t be able to pay the iPhone maker for preferred internet search engine positioning.
Apple’s share price is buoyant following Google’s antitrust ruling
Tuesday’s federal ruling in Google’s antitrust case has led to a good Wednesday for both it and Apple. After a positive response from investors and analysts, Bank of America is joining in the plaudits for Apple.
In a note to investors on Wednesday, Bank of America decided to raise the price target for both Apple and Google. BoA’s price target for Apple going up from the previous figure of $250 to $260.
