Apple shares slip as Oppenheimer downgrades on 'weaker outlook'
Investing.com -- Apple shares slipped around 1.2% in premarket trading after Oppenheimer downgraded the stock from Outperform to Perform, citing a "weaker outlook" for iPhone sales and growing competition in China. The firm also removed its previous $250 price target, highlighting concerns about Apple’s valuation and near-term growth prospects.
Apple is having it hard. Oppenheimer downgraded it from “outperform” to “perform” amidst weak sales. The reason behind this ...
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Oppenheimer analysts downgraded shares of iPhone maker Apple to Perform from Outperform, and removed a $250 price target.
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