Market Overview

UPDATE: Deutsche Bank Downgrades Apple Inc.

Related AAPL
DA Davidson Says Buy The Dip In Apple
Taking A Trade Break: Weak Overseas Data Center Stage Despite Solid Retail Sales
Week Ahead: Stocks Still In Trouble Ahead Of Fed Meeting (TalkMarkets)

Analysts at Deutsche Bank downgraded shares of Apple Inc. (NASDAQ: AAPL) from Buy to Hold and lowered the price from $105 to $102.

Sherri Scribner outlined reasons for the downgrade:

Apple’s ability to surprise consumer base is limited, according to Scribner. She feels iPhone sales expectations are very high, making it difficult for the company to outperform expectations. Moreover, the company has introduced all of its new products, limiting catalysts, Scribner said.

The Deutsche Bank analyst believes shares of Apple are fairly valued. Scribner adjusted estimates to reflect stronger iPhone sales, however, due to limited catalysts she is downgrading to Hold.

Amid the after-hours downgrade, Apple shares were recently down about one percent at $99.18.

Latest Ratings for AAPL

Dec 2018DA DavidsonReiteratesBuyBuy
Dec 2018CitigroupMaintainsBuyBuy
Dec 2018Morgan StanleyMaintainsOverweightOverweight

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Deutsche Bank Sherri ScribnerAnalyst Color Downgrades Price Target After-Hours Center Analyst Ratings


Related Articles (AAPL)

View Comments and Join the Discussion!

Latest Ratings

View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Flow Chemistry Market worth $1,216.11 Million by 2018

How Much Does Not Having Public Liability Insurance Cost?