Nomura Instinet lowered its price target on Apple shares, citing a coming 'trade strain' on the company's earnings.
Apple CEO Tim Cook attends the annual session of China Development Forum 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018.shares to $175 from $180 on Friday, citing a coming "trade strain" on the company's earnings.
Nomura Instinet reduced its estimate for Apple's 2019 earnings to $11.39 a share, down from $11.50 a share.
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