Barclays just downgraded Apple stock to ‘underweight'
Apple Inc (NASDAQ: AAPL) had a blockbuster 2023 but it is not very likely to repeat that performance in 2024, as per Tim Long – a Barclays analyst.Apple stock could tank 17% from hereCopy link to sectionLong downgraded the tech behemoth this morning to “underweight” and lowered his price objective to $160 that translates to a 17% downside from here. The analyst turned dovish on Apple stock due to a weakness in wearable devices, iPads and Macs. His research note also added:[iPhone 15] has been lackluster and ...