News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

Goldman Sachs cuts Apple for third time in a month

US bank worries that Apple may have reached ‘the limit of its price premium’ for its flagship iPhone

Now this doesn’t happen very often. Goldman Sachs is so worried about deteriorating iPhone demand it just cut its Apple stock-price target for the third time this month.

The firm’s analyst Rod Hall reduced his price target to $182 from $209 for Apple stock, citing Monday’s Wall Street Journal article that reported the company cut orders for all three newly released iPhone models.

WSJ Logo