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Technology Stocks : Apple Inc.

AAPL 259.35

+0.1%

Jan 9 9:30 AM EST

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From: Moonray	7/25/2016 12:49:08 PM
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More: BGC downgrades Apple to Sell ahead of earnings 12:11 BGC Financial analyst Colin Gillis downgraded Apple to Sell from Hold ahead of the iPhone maker's earnings report tomorrow night. Gillis cut his price target for the shares to $85 from $110. There is risk that the upgrade rate for the next iPhone may slow even more than the upgrade rate cycle of 6S, the analyst tells investors in an intraday research note. He's concerned that consensus estimates for the next two quarters may need to come down. Gillis also views Apple's software products as "lackluster." Apple shares are down 68c to $97.98 in midday trading. o~~~ O

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