Pacific Crest Downgrades Apple (AAPL) to Sector Perform
Pacific Crest downgraded Apple (NASDAQ: AAPL) from Outperform to Sector Perform with a price target of $100 (unchanged). The analyst said the new products lack massive profit drivers.
NOTE: The downgrade may not come as a complete surprise as the analyst warned about a potential downgrade last week.
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 $97.99 yesterday.