Barclays Maintains Underweight on Apple, Lowers Price Target to $158
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long has maintained an Underweight rating on Apple (AAPL) and reduced the price target from $160 to $158.
February 02, 2024 | 12:45 pm
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NEGATIVE IMPACT
Barclays has maintained an Underweight rating on Apple and lowered the price target from $160 to $158.
The reduction in price target by Barclays, accompanied by an Underweight rating, suggests a bearish outlook on Apple's stock in the short term. This could lead to negative investor sentiment and potentially a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100