Apple: New Street Research still sees 'material downside'
(CercleFinance.com) - New Street Research says it still sees "material downside potential" on Apple shares following the technology giant's earnings last week and recent newsflow.
In a note to clients, the independent London-based research house says various datapoints support its "sell" rating on the share.
"We conclude multiple signs of weak demand are already visible and expect more negative newsflow between now and the end of January," it warns.
Apple shares are currently up 1.2% in New York.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In a note to clients, the independent London-based research house says various datapoints support its "sell" rating on the share.
"We conclude multiple signs of weak demand are already visible and expect more negative newsflow between now and the end of January," it warns.
Apple shares are currently up 1.2% in New York.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.