UPDATE: Bank of America Downgrades Apple on Multiple Negative Factors
September 11, 2013 at 10:03 AM EDT
In a report published Wednesday, Bank of America analyst Scott D. Craig downgraded the rating on Apple (NASDAQ: AAPL ) from Buy to Neutral, but reiterated the $520.00 price target. In the report, Bank of America noted, “We downgrade to Neutral on (1) lack of a ‘lower-end' iPhone and price
