Apple: Wedbush removes from'best ideas' list
(CercleFinance.com) - Wedbush Securities has removed Apple from its "best ideas" list, citing "investment price discipline.
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Since the stock was added to Wedbush's favorite list, the Apple stock has fallen by 27%.
However, the broker still has an "overweight" rating on Apple, with a target price of 275 dollars.
Apple shares were down 0.3% at 156 dollars today, just underperforming a 0.2% fall in the Nasdaq Composite index.
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.
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Since the stock was added to Wedbush's favorite list, the Apple stock has fallen by 27%.
However, the broker still has an "overweight" rating on Apple, with a target price of 275 dollars.
Apple shares were down 0.3% at 156 dollars today, just underperforming a 0.2% fall in the Nasdaq Composite index.
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.