UPDATE: Global Equities Research Downgrades Apple (AAPL) to Underweight

April 25, 2022 5:23 AM EDT
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Price: $141.66 --0%

Rating Summary:
    44 Buy, 19 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 8 | Down: 9 | New: 33
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(Updated - April 25, 2022 5:24 AM EDT)

Global Equities Research analyst Trip Chowdhry downgraded Apple (NASDAQ: AAPL) from Equalweight to Underweight with a price target of $95.00.

The analyst comments "Downgrading AAPL to SELL - Price Target $95 - AAPL has Zero Innovation - Product pipeline is depleted - Estimating "0%" Growth in FY2024 - All of this is further exasperated by Ukraine-Russia War and Covid Lockdowns in China - AAPL Stock Price appreciation based on Stock buybacks, by taking Debt, will not work in High Interest Rate Environment - Secular Downhill Journey has Started for AAPL, Recovery is extremely difficult."

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 $161.79 yesterday.

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Trip Chowdhry