Page 17 - Tim Long News Today

Apple shares took a massive hit, falling by 3% and hitting a seven-week low, following Barclays' decision to downgrade the stock.

Apple Inc. (NASDAQ: AAPL) shares settled lower on Tuesday, Jan. 2, after Barclays downgraded its rating on the stock. Barclays analyst Tim Long downgraded the stock from Equal-Weight to Underweight and lowered the price target from $161 to $160. The analyst slightly lowered his AAPL estimates following another round of checks. He still picks up weakness in iPhone volumes and mix and a lack of bounce-back in Macs, iPads, and wearables. Apple is now reportedly expected to launch its futuristic $3,

Barclays has downgraded Apple stock to underweight for first time since 2019 on what it sees as cooling iPhone demand…

(Bloomberg) -- Apple Inc. got itself a new bear as expectations of soft demand for its latest iPhone prompted analysts at Barclays Plc to downgrade the stock.Most Read from BloombergIran Sends Warship to Red Sea After US Sinks Houthi BoatsTokyo Runway Collision Leaves 5 Dead, Airbus Aircraft AblazeUS Pressured Netherlands to Block China-Bound Chip MachineryIndia’s Crude Oil Imports From Russia Plunge on Payment IssuesQuake Hits Northwestern Japan, Killing Four, Wrecking HomesBarclays anal...

Since early last year, Apple has been grappling with a demand slowdown, with its performance in China being worrisome following the revival of local Huawei.

Analysts at Barclays reduce their rating on Apple stock to Underweight from Equal Weight. They have a price target of $160.

Stock outperformed in 2023 despite posting four straight quarters of declining sales. But without positive catalysts, it is likely to drop in 2024, a Wall…

Price cuts for many Canadian oil producers; Apple downgraded

Barclays analysts think that weak iPhone 15 sales may be a harbinger of weak hardware and iPhone 16 sales in the year ahead.

Shares of Apple Inc. are starting 2024 with a selloff, after Barclays analyst Tim Long said it was "time for a breather," citing weak hardware sales as...