April 27, 2016

Oppenheimer Downgraded Apple Inc. (AAPL)


Apple Inc. (NASDAQ:AAPL) was downgraded by research analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, The Fly reports.
A number of other brokerages have also recently weighed in on AAPL. Credit Agricole restated a “buy” rating and set a $128.00 target price on shares of Apple in a report on Thursday, April 14th. Deutsche Bank restated a “hold” rating and set a $105.00 target price on shares of Apple in a report on Thursday, April 14th. Citigroup Inc. restated a “buy” rating and set a $130.00 target price on shares of Apple in a report on Tuesday, April 5th. BTIG Research reduced their price target on shares of Apple from $141.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, April 7th. Finally, Raymond James restated a “market perform” rating on shares of Apple in a research report on Tuesday, April 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, forty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $136.27.

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