Apple's share price fell 4.8% due to a Barclays downgrade, while other analysts upgraded the stock.
Apple's share price fell 4.8% on Monday due to a downgrade by Barclays, reducing its price target from $187 to $186. However, other analysts have issued favorable reports, with Wedbush upgrading Apple's stock from "outperform" to "outperform" with a $275 price target, and Cfra raising its target price from $240 to $260, assigning the company a "buy" rating. Institutional investors have also adjusted their stakes in Apple, with Exeter Financial LLC increasing its holdings by 51.6% and Kingswood Wealth Advisors LLC increasing its stake by 223.1%. Institutions currently own 60.41% of Apple's stock.
August 05, 2024
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