Apple shares fell 3.58% after Barclays downgrade
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Posted On: 01/08/2024 5:41:13 AM
Apple
shares fell 3.58% after Barclays downgraded the stock to underweight. Furthermore, the bank trimmed its price target for Apple from $161 to $160. Ripple effects were felt across the Pacific by Apple suppliers. Shares of Taiwan Semiconductor Manufacturing Company
, Hon Hai Technology Group
— also known as Foxconn — and Samsung Electronics all retreated during Asian trading hours Wednesday.
shares fell 3.58% after Barclays downgraded the stock to underweight. Furthermore, the bank trimmed its price target for Apple from $161 to $160. Ripple effects were felt across the Pacific by Apple suppliers. Shares of Taiwan Semiconductor Manufacturing Company
, Hon Hai Technology Group
— also known as Foxconn — and Samsung Electronics all retreated during Asian trading hours Wednesday.
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