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Merrill Lynch Downgrades AAPL To Long Term Neutral From Buy

Merrill Lynch Downgrades AAPL To Long Term Neutral From Buy

by , 2:00 PM EDT, June 19th, 2002

Briefing.com noted that Merrill Lynch has downgraded Apple's stock following yesterday's third quarter earnings warning from the company. The concise information from Briefing.com:

Merrill Lynch downgrades to Long-Term NEUTRAL from Buy due to a lack of long-term visibility.

You can read Briefing.com's notes at Yahoo!'s Web site, but note that the dynamic link is subject to change.


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

The Mac Observer Spin:

Keep your eye out for more comments from analysts concerning Apple during the next 48 hours. Warnings from companies tend to get a lot of after-the-fact notes from Wall Street firms.

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