Apple’s Stock Could Crash and Take the Broader Market Down Too

By CCN: Morgan Stanley analyst Katy Huberty delivered mixed messages regarding Apple’s stock this week. With Apple’s stock closing at $178 on Thursday, she downgraded the price target from $240 to $231. She did not change her revenue or profit estimate though and then noted that AAPL could trade as low as $160 in the near-term. Confusion Reigns in Apple’s Stock These contradictory signals reflect the market’s confusion as far as what to do with Apple’s stock in the near term even as its long-term health seems robust. Investors are terrified that tariffs will be slapped on Apple goods. That

The post Apple’s Stock Could Crash and Take the Broader Market Down Too appeared first on CCN

Source: https://www.ccn.com/apple-stock-crash-stock-market-down

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