Market Overview

Apple Could Slide Towards $420, Creative Global Says

Related AAPL
UPDATE: VirnetX Announces US Appeals Court Issued Ruling Vacating Damages Award, Claim Construction
Court Vacates VirnetX Holding Corporation Patent Victory Against Apple Inc., Shares Plummet 50%
RGIII, Who? Hillary, You Listening? (Fox Business)

Shares of Apple (NASDAQ: AAPL) are down 0.9 percent to $526.80 ahead of first quarter earnings due to be released after the close.

Creative Global believes the shares will remain under increasing pressure, and in the medium term may move towards $420. As innovation slows and competition increases, shares could slide, analyst Carlo Besenius said.

Besenius also believes the technical setup is negative.

The analyst has a Sell rating on the stock.

Latest Ratings for AAPL

DateFirmActionFromTo
Sep 2014BarclaysMaintainsOverweight
Sep 2014Goldman SachsMaintainsBuy
Sep 2014Mizuho SecuritiesMaintainsBuy

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Carlo Besenius Creative GlobalAnalyst Color Analyst Ratings

 

Related Articles (AAPL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters