Apple Named a Top 2024 Pick at BofA Ahead of Key Earnings
- The iPhone maker has struggled this year amid growth concerns
- Apple’s second-quarter report is slated for release next week
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Apple Inc. was named a top pick for 2024 at Bank of America on optimism over the iPhone maker’s upcoming results, as well as its longer-term prospects.
The company has a “rich catalyst path with defensive cash flows,” wrote analyst Wamsi Mohan, who has a buy rating and $225 price target on the stock.