Apple Price Target Is Slashed and 3 More Analyst Opinions To Know

Stock upgrades and downgrades are a controversial part of Wall Street. Despite regulations, many banks and firms still have a positive bias toward current clients and companies desired as future clients. In addition, Wall Street analysts are straight-up biased to the buy side. The percentage of sell recommendations is normally below 15 percent!

Regardless, upgrades and downgrades move stocks in the short-term. They fall into our CHEAT SHEET framework category ‘C = Catalyst for a Stock?s Movement’. Here are catalysts you must know today:

Apple (NASDAQ:AAPL): Canaccord Genuity reiterated its rating of Buy for this company and changed its price target from $600 to $560.

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AAPL

Cree (NASDAQ:CREE): Needham reiterated its rating of Buy for this company and changed its price target from $60 to $63. Northland Capital reiterated its rating of Outperform for this company and changed its price target from $50 to $63.

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CREE

US Airways (NYSE:LCC): Imperial Capital reiterated its rating of Outperform for this company and changed its price target from $20 to $24.

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LCC

VMware (NYSE:VMW): UBS reiterated its rating of Buy for this company and changed its price target from $115 to $105.

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VMW

Don’t Miss: Here’s Your Cheat Sheet to Apple’s Buyback Program.