Goldman Sachs Removed Apple (AAPL) from its Conviction Buy List
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Goldman Sachs removed Apple (Nasdaq: AAPL) from its Conviction Buy List, but is still maintaining its Buy rating on the iPhone and iPod maker.
The firm said they expect Apple to outperform the group, but de-risking across the tech sector and concerns about consumer spending will cause under-performance in Apple shares.
The firm is maintaining their $200 price target on Apple. Shares of Apple closed at $140.36 yesterday, with a $115.44-$202.96 52-week range.
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