Apple Stock Watched for Bounce to $192-194, Downgraded to Neutral with $194 Price Target Amid Control Concerns
Apple ($AAPL) stock is being closely watched for a potential bounce to $192-194, with historical patterns suggesting a rebound off the 200-day moving average. Phillip Securities downgraded $AAPL to Neutral from Accumulate with a price target of $194, citing valuation concerns. Additionally, a report indicates that the Xi Jinping government may have more control over Apple than previously believed.
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$AAPL Series of Lower Highs and back under the 200D. 180 huge spot.... https://t.co/HridCs6P8o
Benzinga $AAPL | Xi Jinping Government Has More Control On Apple Than Earlier Thought, Report Suggests https://t.co/PmLayRlHAV
*Walter Bloomberg $AAPL: Phillip Securities Downgrades to Neutral from Accumulate - PT $194 The analyst cites valuation for the downgrade following the stock's recent gains. The firm expects Services to continue being Apple's main growth driver as its installed base increases. This will also be a…
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