GOLD­MAN SACHS BOOTS AP­PLE

Finweek English Edition - - TECHNOLOGY -

IN­VEST­MENT BANK­ING group Gold­man Sachs has re­moved tech­nol­ogy gi­ant Ap­ple from its Amer­i­cas Con­vic­tion Buy List, which is ef­fec­tively a down­grade of the stock. Bill Shope, Gold­man’s Ap­ple an­a­lyst, slashed his price tar­get to $ 575 from $660. This rounded off a bad week for Ap­ple, which had to make a grov­el­ling apol­ogy to the Chi­nese government for poor cus­tomer ser vice. None of t his im­pressed Paul Theron from as­set man­age­ment firm Ves­tact, who tweeted: “Un­til your air is fit to breathe and there aren’t any dead pigs float­ing in your rivers, you ba­si­cally should be di­rect­ing your rage else­where about Ap­ple and KFC.”

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.