Apple remains in favour despite ‘horrow show’

The stock has dropped more than 20 per cent so far this month

29th November, 2018

Apple analysts expect continued volatility as the company grapples with the prospect of slowing iPhone sales and tariffs against mobile devices made in China, but they also see an opportunity emerging after the biggest monthly decline for the stock in more than a decade.

Wedbush analyst Daniel Ives cut his price target to $275 from $310 yesterday, the latest investment bank to do so on iPhone demand concerns. However, he affirmed his outperform rating and...

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