| BofA Downgrades Apple To Neutral, Cites Risks And Valuation Concerns
Wed, 08/05/2020 - 12:00
Apple received a rare analyst downgrade on Wednesday morning from Bank of America, as the market capitalization of the equity approaches an all-time high $2 trillion.
BofA analyst Wamsi Mohan downgraded Apple's stock to "neutral" from "buy", citing rapid multiple expansion that has pushed valuations to rich levels. Besides the downgrade, the analyst increa|