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-0.000482750937650843 -0.000306732518845904 -0.00141111812544096 -0.000408481562627701 -3.71346875115708E-05 2.82223625087009E-05 0.0114307995098221 0.0147053362545953
Stock impact report

Apple Target Price Cut by Raymond James on Slower iPhone and Wearables Demand [TheStreet.com]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: TheStreet.com
An analyst at Raymond James on Monday cut his price target on Apple(AAPLGet ReportThe Cupertino, Calif., company's shares at last check were up 0.3% to $268.83.In a note to clients Analyst Chris Caso affirmed his outperform rating on Apple and lowered his price target to reflect near-term headwinds."Apple already removed guidance for the March quarter, mainly due to China production and demand issue," Caso wrote."We naturally expect weaker demand throughout the globe as all retail stores are closed. Our checks suggest iPhone component order cuts on the order of 15% of prior expectations."Caso added that Apple's wearable products, such as the Apple Watch, will be hurt as well, "though we believe Mac and iPad have been more resilient (we have taken our Mac assumptions higher in line with evidence of stronger global PC demand).""We see no reason to change our services estimates at this point, and that could potentially be an area of strength as quarantines could help with subscription vo Show less Read more
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