BofA raises Apple target price to $410 on services growth

Bank of America analyst Wamsi Mohan raised his price target on Apple shares to $410 from $390 Wednesday, writing in a note to clients that he’s encouraged by continued strong revenue growth for Apple’s services business.
Apple Park in Cupertino, California
Emily Bary for MarketWatch:Mohan cites third-party data indicating that App Store revenue increased by about 30% in the June quarter.
He said that while “constructive” recent data points have helped drive Apple’s