Apple shares fall as China trade tensions are cited in price-target cut
Apple Inc. shares AAPL, -0.44% slid 1.5% in premarket trade Friday, after Instinet lowered its stock price target to $175 from $180 citing concerns about China trade tensions. "The renewal of China trade tensions are a likely near-term negative for Apple," analysts wrote in a note to clients. "We reduce our FY19 estimates out of trade caution.
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