Citigroup Maintains Buy on Apple, Lowers Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik maintains a Buy rating on Apple (AAPL) but lowers the price target from $220 to $210.

April 29, 2024 | 1:26 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Apple but lowers the price target from $220 to $210.
The adjustment in price target by Citigroup reflects a slight change in valuation expectation for Apple, though the Buy rating indicates continued confidence in the company's performance. The reduction in price target might cause short-term concern among investors, but the maintained Buy rating suggests underlying strength in Apple's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest both the positive and negative aspects of the analysis.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100