Accueil > Actualité
Actualite financiere : Actualite bourse

Apple: Deutsche Bank upgrades to 'buy'

( - Deutsche Bank has upgraded Apple from "hold" to "buy" in light of the recent market correction, even though the broker has cut its target price from 295 dollars to 270 dollars.

"Apple has long been a quality company that we've admired but have felt the recent valuation run was too rich for us from a risk-reward standpoint," analysts said in a note to clients.

Following the recent correction, the analysts said they feel comfortable that investors will return to the stock's four drivers (iPhone, AirPods, services, and the margin mix shift) once the market stabilizes.

Apple shares were up 0.8% on Wednesday morning on the Nasdaq. They have still lost 16% year-to-date.

Copyright (c) 2020 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.