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Goldman: Apple Price Target $161

Goldman Sachs initiated coverage on Apple Inc. (AAPL) with a Neutral rating. The price target for Apple is set to $161.

Goldman Sachs is in talks to offer financing to shoppers buying phones, watches and other gadgets from Apple Inc. (AAPL), the Wall Street Journal reported citing people familiar with the matter. Customers purchasing a $1,000 iPhone X could take out a loan from Goldman instead of charging it to credit cards that often carry high interest rates.

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