Bank of America downgrades Apple, says weak consumer will cause stock's outperformance to end

Quick Summary:

Apple stock has limited upside going forward, according to Bank of America.

The stock has also been on fire in the third quarter, popping more than 9%.

Bank of America's old target of $185 pointed to a more than 23% gain.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: Technology

Markets: United States

Topics: Investing Stock Picks Articles Cnbc Markets PRO Home Stock markets Stocks Technology Source:tagname:CNBC US Source Investment strategy Pro: Street Calls Pro: Short-term CNBC Pro Apple Inc Premium

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 11:01:20 (6 months ago)

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CNBC

News ID: 620683

View Article Analysis

About CNBC

Main Topics: Technology

Official Website: cnbc.com

Update Frequency: 10 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 17 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #35

Publisher Details

Frequently Asked Questions