DA Davidson Downgrades Apple to Neutral, Lowers Price Target to $185
Portfolio Pulse from richadhand@benzinga.com
DA Davidson analyst Tom Forte downgrades Apple (NASDAQ:AAPL) from Buy to Neutral and lowers the price target from $193 to $185.
June 06, 2023 | 8:46 am
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Apple downgraded to Neutral by DA Davidson, with a lowered price target of $185.
The downgrade from Buy to Neutral and the lowering of the price target from $193 to $185 by DA Davidson analyst Tom Forte may have a negative short-term impact on Apple's stock price. Investors may perceive this as a sign of reduced confidence in the company's performance and adjust their positions accordingly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100