Wells Fargo hikes Apple price target after Verizon results
Wells Fargo has raised its price target for Apple following Verizon’s disappointing second-quarter earnings report. Verizon reported a record-low wireless upgrade rate, which could potentially benefit Apple as customers consider upgrading their older iPhones with the release of the iPhone 16 range. Chris Ciaccia for Seeking Alpha: Verizon saw roughly 3.5M postpaid upgrades during the quarter,…
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