Apple Stock Edges Up After Downgrade on iPhone Concerns - Barron's

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https://www.barrons.com/articles/apple-stock-price-downgrade-iphone-sales-51672826870

Updated Jan. 4, 2023 8:44 americium ET / Original Jan. 4, 2023 5:09 americium ET

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Apple shares were up 1% successful premarket trading Wednesday astatine $126.44 aft dropping from supra $130 connected Tuesday.

That’s erstwhile Apple’s (ticker: AAPL) standing was lowered to Neutral from Outperform astatine Exane BNP Paribas arsenic analysts argued the outlook for this twelvemonth makes it “hard to warrant a premium valuation.”

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