Piper Sandler Downgrades Apple to Neutral, Lowers Price Target to $205
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has downgraded Apple (AAPL) from Overweight to Neutral and reduced the price target from $220 to $205.
January 04, 2024 | 10:28 am
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Apple's stock rating has been downgraded by Piper Sandler from Overweight to Neutral, with a reduced price target from $220 to $205.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further reinforces the expectation of a lower valuation for Apple.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100