DZ Bank Downgrades Apple to Hold, Announces $180 Price Target
Portfolio Pulse from Benzinga Newsdesk
DZ Bank analyst Ingo Wermann downgrades Apple (AAPL) from Buy to Hold and sets a $180 price target.

March 28, 2024 | 10:34 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Apple downgraded from Buy to Hold by DZ Bank with a $180 price target.
The downgrade from Buy to Hold by a major bank like DZ Bank could lead to a neutral short-term impact on Apple's stock price. The announcement of a $180 price target suggests a belief in the stock's stability or slight growth potential, but the downgrade indicates a more cautious outlook. Investors may interpret this as a signal to hold off on buying more shares or to reassess their investment in Apple, potentially leading to a stabilization or minor fluctuation in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100