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Stock impact report

Why Shares of Apple Are Getting Hammered Today [Yahoo! Finance]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: Yahoo! Finance
ET, extending its sell-off after President Donald Trump issued far-reaching tariffs late last week. Wedbush analyst Dan Ives lowered his price target on the stock in a research report issued yesterday, while maintaining a bullish rating. Ives, who has long been bullish on big tech stocks in the "Magnificent Seven," has issued several sobering research notes in light of Trump's tariffs. One from a few days ago said that the tariffs will "set the U.S. tech world back a decade, in our opinion, while China is the clear winner... and we see no debate." In his recent note on Apple, Ives maintained an outperform rating, but lowered his price target from $325 to $250. "The tariff economic Armageddon unleashed by Trump is a complete disaster for Apple, given its massive China production exposure," Ives wrote. "In our view, no U.S. tech company is more negatively impacted by these tariffs than Apple, with 90% of iPhones produced and assembled in China." Additionally, Ives points out that Show less Read more
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