Shares of Apple Inc. (NASDAQ:AAPL) fell more than 2% on Friday after New Street Research analyst Pierre Ferragu downgraded the stock from a neutral rating to a sell rating. Ferragu also gave AAPL a new price target of $90 which implies a downside potential of about 28% based on Friday's closing price.
New Street Research says Apple is a ‘sell': here is what they got right