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Apple’s Stock Could Crash and Take the Broader Market Down Too

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By CCN: Morgan Stanley analyst Katy Huberty delivered mixed messages regarding Apple’s stock this week. With Apple’s stock closing at $178 on Thursday, she downgraded the price target from $240 to $231. She did not change her revenue or profit estimate though and then noted that AAPL could trade as low as $160 in the near-term. Confusion Reigns in Apple’s Stock These contradictory signals reflect the market’s confusion as far as what to do with Apple’s stock in the near term even as its long-term health seems robust. Investors are terrified that tariffs will be slapped on Apple goods. That

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* First published on ccn.com

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