Apple: New Street Research upgrades to 'neutral'
(CercleFinance.com) - While many analysts have cut their recommendations and estimates following Apple's warning, some brokers are now becoming more constructive on the stock.
This is the case of London-based independent research house, New Street Research.
This morning New Street Research upgraded Apple to "neutral," although has reduced its target price to 140 dollars.
"Our thesis has played out in full and things are as bad as can be," analyst Pierre Ferragu wrote in a note to clients.
Despite these comments, Apple shares are currently down 8.6% at 144.4 dollars.
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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.
This is the case of London-based independent research house, New Street Research.
This morning New Street Research upgraded Apple to "neutral," although has reduced its target price to 140 dollars.
"Our thesis has played out in full and things are as bad as can be," analyst Pierre Ferragu wrote in a note to clients.
Despite these comments, Apple shares are currently down 8.6% at 144.4 dollars.
Copyright (c) 2019 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.