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Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
The downgrade highlights premium-valuation concerns and some negative headlines in recent months. Of the more than 60 analysts who cover Apple on Wall Street, only four have sell ratings. Apple received a rare downgrade to "sell" from Wall Street on Tuesday. MoffettNathanson downgraded the world's largest company from "neutral" and set a $188 price target, representing a 22% downside from current levels. According to Bloomberg data, of the more than 60 analysts covering Apple on Wall Street, only four have sell or sell-equivalent ratings. Shares of Apple traded down about 1% to $242.43 in Tuesday's session. Craig Moffett, a senior analyst at MoffettNathanson, said while Apple is still a "truly great company," it has seen an unwarranted rise in its stock price as the news flow for it has been overwhelmingly negative. "Despite the steady melt-up in Apple shares over the past few months, there has actually been a steady drumbeat of bad news," Moffett said in his downgrade
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