UBS Downgrades Apple to Neutral, Raises Price Target to $190
Portfolio Pulse from richadhand@benzinga.com
UBS analyst David Vogt downgrades Apple (NASDAQ:AAPL) from Buy to Neutral and raises the price target from $180 to $190.
June 13, 2023 | 8:34 am
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UBS downgrades Apple to Neutral, raises price target to $190.
UBS analyst David Vogt downgraded Apple from Buy to Neutral, indicating a more cautious outlook on the stock. However, the price target was raised from $180 to $190, suggesting a potential upside. The downgrade may cause some short-term uncertainty, but the increased price target could also provide support. Overall, the short-term impact is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100