Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Apple stock falls amid China fears, Rosenblatt target cut

Shares of Apple Inc. are down 2.5% in Thursday morning trading, after the arrest of Huawei's chief financial officer prompted renewed concerns about China trade tensions. Rosenblatt analyst Jun Zhang cut his price target on Apple shares to $165 from $200, forecasting that the company will produce and ship roughly 39 million iPhone units in the March quarter. "Although we are at the low end of consensus iPhone estimates, we believe the Street will continue to trim down their estimates," he wrote. "We believe the lack of iPhone shipment growth, along with tough comps for services revenues, will lead to estimates coming down."

First found on: www.marketwatch.com And then on: 2 other references