Apple: stock under pressure before quarterly results

(CercleFinance.com) - Apple shares fell 2% to 143 dollars on Monday in New York, a few days before the publication of its quarterly results and against the backdrop of negative analyst comments.


In its morning comments, Wells Fargo expressed its caution about the stock after its 12% YTD rise, and in view of weakening demand signs.

It does however, maintain an "overweight" rating on the stock.

Other analysts are more optimistic before the tech giant's earnings call scheduled for Thursday evening.

Credit Suisse expects pleasant surprises for Q3 to end-December, because of the dollar's recent weakness and a favourable comparison basis. This broker reiterates its "Outperform" rating with a target price of 184 dollars.


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