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Apple stock price under pressure as Goldman downgrades to sell

Apple stock price under pressure as Goldman downgrades to sell
Stock market
Michael Harris
Author
Michael H.
Apr 17, 2020, 12:06 PM
  • Goldman downgrades Apple stock to sell, with this being the third stock downgrade this year from the bank
  • Bank’s analysts also lowered the stock price target to $233 from $250 on the expected decline in iPhone demand
  • Stock trades around 2.5% lower today in New York following news of stock downgrade

Shares of Apple (NASDAQ:AAPL) are trading nearly 3% lower on Friday, after Goldman Sachs (NYSE:GS) downgraded the stock to sell, and cut its price target to $233 from $250.

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