Category: Berenberg Bank

Apple doomsayer fired

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“It’s been three years since Berenberg Bank analyst began predicting doom for Apple, setting a split-adjusted price target of $60 a share and—five months later—flipped the stock’s rating from Buy to Sell,” Philip Elmer-DeWitt reports for Fortune. “This spring, with the iPhone 6 selling like hotcakes and the stock trading above $124, Ahmad raised his…

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Adnaan Ahmad, Apple, Apple analysts, Berenberg Bank, News

Berenberg Bank predicts doom for Apple, sets price target at $60

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“Berenberg Bank believes Apple’s financial model is too reliant on the iPhone, and has predicted that the company’s shares will plummet more than 50 percent to $60,” Neil Hughes reports for AppleInsider. “To say that Berenberg’s $60 price target is an outlier would be an understatement, as even the few major investment firms who are…

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Adnaan Ahmad, Apple analysts, Apple Car, Apple price target, Apple Watch, Berenberg Bank, iPhone, News, Tesla