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Big Law

Apple Shares Slide After Barclays Downgrade, Dragging Down Markets

Apple stock fell on the first trading day of the year, weighing down the US stock market and snarling Big Tech’s gangbusters 2023 rally.

Shares of the iPhone maker sank 3.6% on Tuesday after Barclays downgraded the stock to an “underweight” rating from “equal weight,” citing disappointing iPhone 15 sales particularly in China.

Barclays also trimmed its price target to $160 from $161.

Read the source article at CNN Business

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