Apple’s ‘darkest day’ in iPhone era triggers flood of price target cuts by analysts
Average Wall Street price target falls to 14-month low, as some analysts slash target by $100
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Goldman Sachs analyst Rod Hall chopped his price target by 42% to $140, the lowest target he’s had on the stock since early 2017, from $240,
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Analyst Brian White at Monness Crespi Hardt also slashed his target by $100 to $200, but kept his rating at buy, citing a valuation that he believes is “depressed.” He said Apple’s net cash position of $25.29 a share keeps him bullish.
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Meanwhile, Jefferies’ Timothy O’Shea downgraded Apple to hold, and cut his price target to $160 from $225, citing concerns over how the company will deal with its biggest “miss” in years.
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Wedbush analyst Daniel Ives lowered his stock price target to $200 from $275, saying the “massive” negative outlook represents “Apple’s darkest day in the iPhone era,” which began June 2007.
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https://www.marketwatch.com/story/apple-...2019-01-03
Average Wall Street price target falls to 14-month low, as some analysts slash target by $100
...
Goldman Sachs analyst Rod Hall chopped his price target by 42% to $140, the lowest target he’s had on the stock since early 2017, from $240,
...
Analyst Brian White at Monness Crespi Hardt also slashed his target by $100 to $200, but kept his rating at buy, citing a valuation that he believes is “depressed.” He said Apple’s net cash position of $25.29 a share keeps him bullish.
...
Meanwhile, Jefferies’ Timothy O’Shea downgraded Apple to hold, and cut his price target to $160 from $225, citing concerns over how the company will deal with its biggest “miss” in years.
...
Wedbush analyst Daniel Ives lowered his stock price target to $200 from $275, saying the “massive” negative outlook represents “Apple’s darkest day in the iPhone era,” which began June 2007.
...
https://www.marketwatch.com/story/apple-...2019-01-03
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