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Apple gets a downgrade from Loop Capital on fears of slow iPhone sales
7 Articles
7 Articles
Apple gets a downgrade from Loop Capital on fears of slow iPhone sales
Apple is on pace to fall short of revenue expectations tied to its iPhones, so investors should think twice before adding exposure to the tech giant, according to Loop Capital.
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Small independent firm downgrades Apple
A lesser-known independent research shop, Loop Capital Markets, has downgraded Apple (AAPL) stock from Buy to Hold and cut its price target to $330 from $370, arguing the shares are fully valued near current levels and require a fresh catalyst to advance. Analyst Ananda Baruah wrote that the firm still likes Apple's longer-term market-share gains and services narrative. However, new data on iPhone shipments has shifted its view. After Apple repo…
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Total News Sources7
Leaning Left1Leaning Right1Center0Last Updated50% Left, 50% Right
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
50% Right
L 50%
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