Sorry!! The article you are trying to read is not available now.
BMO Capital Cuts Price Target for Apple (AAPL)

BMO Capital reported on Thursday that they have lowered their price target for tech giant, Apple Inc.(AAPL).

The firm, with currently has an “Outperform” rating on Apple, has reduced its price target to $640. This price target suggests a 20% increase from the stock’s current price of $509.40.

Analysts believe that the near term outlook may disappoint investors.

Apple shares were up $2.95, or 0.58% during premarket trading Thursday. The stock has increased 20% in the past year.

The Bottom Line
Shares of Apple (AAPL) have a 2.09% dividend yield, based on last night’s closing stock price of $506.09. The stock has technical support in the $460-$490 price area. If the shares can firm up, we see overhead resistance around the $527-$550 price levels.

Apple Inc.(AAPL) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here