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Apple Cut to Underweight at Barclays on iPhone Demand
Posted
January 2, 2024
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January 2, 2024
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1:31Now PlayingApple Inc. stock has been downgraded by Barclays PLC analysts on expectations of soft demand for its latest iPhone. Barclays analysts led by Tim Long cut their rating on Apple to underweight and price target to $160 from $161, implying a 17% decline over the next year. Bloomberg Intelligence’s Mandeep Singh has more on Bloomberg Television.
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