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Apple Taps John Ternus as CEO While BofA Eyes $380 Target on AI Push

Benzinga Read original source (opens in a new tab)
The Story

News Summary

  • Apple transitions leadership as John Ternus takes over as CEO while Tim Cook assumes the executive chair role with a $47 million package.
  • Despite recent stock declines, BofA reiterated a Buy rating with a $380 price target, citing massive AI growth opportunities and capital returns.
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AAPL price history

332.27 +20.75% over the displayed period

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