Pacific Crest Securities

By MacRumors Staff

Pacific Crest Securities Articles

Apple's Stock Price Dips Ahead of WWDC as Analyst Issues Rare Downgrade

Monday June 5, 2017 8:59 am PDT by
Apple shares are trading around 1 percent lower today, just ahead of WWDC 2017, after one analyst issued a rare downgrade of the stock."We are downgrading AAPL to Sector Weight and recommend investors reduce position sizes," said Andy Hargreaves, equity research analyst at Pacific Crest Securities, in a note to clients. "We believe AAPL anticipates strong performance in the iPhone 8 cycle, while...