Barclays Maintains Underweight on Apple, Maintains $186 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long maintains an Underweight rating on Apple with a price target of $186.
October 01, 2024 | 4:01 pm
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Barclays analyst Tim Long maintains an Underweight rating on Apple, with a price target of $186, indicating a cautious outlook on the stock.
The Underweight rating suggests that the analyst expects Apple's stock to underperform relative to other stocks. The maintained price target of $186 indicates that the analyst does not foresee significant upside potential in the short term. This could lead to a negative sentiment among investors, potentially impacting the stock price negatively.
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IMPORTANCE 80
RELEVANCE 100