(CercleFinance.com) – Apple shares fell sharply on Friday on the New York Stock Exchange, the title suffering from Goldman Sachs’ decision to remove it from its list of preferred American stocks, the ‘US Conviction List’ .
Around 10:45 a.m. (Wall Street time), the stock lost 1.5% compared to a gain of 0.3% at the same time for the S&P 500, the benchmark index for American managers.
The strategists do not precisely explain why they are removing the title from their list after 274 days of presence, but they indicate having decided to include that of the team management software designer Monday.com instead.
Since joining Goldman’s list of favorite US stocks, Apple shares have lost 1.6%, compared with a gain of 19% for the S&P index in the interval.
In a recent research note, Goldman Sachs – still buying the stock – had nevertheless raised its price target from 223 to 232 dollars, praising the arrival of a new generation of devices and the development of the group in Services.
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