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Apple slapped with second stock downgrade as Wall Street fears sagging iPhone demand

Por: New York Post Business January 04, 2024

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Apple was slapped with its second major stock downgrade of the week on Thursday as fears mount on Wall Street Piper Sandler & Co. lowered its ratings for Apple’s stock to “neutral” from “overweight” on Thursday. The firm’s analysts, who had been bullish on Apple since March 2020, pointed to fears about a weakening economic environment in China, . “We are concerned about handset inventories,” analyst Harsh Kumar wrote in the note... + full article



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