14-11-2019 20:44 via feedproxy.google.com

Apple gets rare sell rating as analyst warns about iPhone trends

Ryan Vlastelica for Bloomberg:Apple Inc. received a rare bear call on Thursday, after the company was downgraded to sell from hold at Maxim Group, which cited the potential for lower iPhone revenue over the next year.
Analyst Nehal Chokshi forecast weakness in both unit sales and average selling prices, citing an analysis of a proprietary survey.MacDailyNews Take: Who? From where?Maxim established a $190 price target on the stock, which implies downside of nearly 30% from Apple’s Wednesday
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