Pacific Crest Downgrades Apple (AAPL) to Sector Perform
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Price: $297.01 -0.34%
Rating Summary:
45 Buy, 29 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Rating Summary:
45 Buy, 29 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
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Pacific Crest downgraded Apple (NASDAQ: AAPL) from Outperform to Sector Perform with a price target of $100 (unchanged). The analyst said the new products lack massive profit drivers.
NOTE: The downgrade may not come as a complete surprise as the analyst warned about a potential downgrade last week.
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $97.99 yesterday.
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