BofA Downgrades APP to Neutral
APP BofA Downgrades APP to Neutral, PT $400 Analyst comments: "We believe the risks to APP's articulated 30% Y/Y LT revenue growth trajectory (including "Consumer") have increased. Post-Q2 print, engineer-directed improvements to Gaming models appear to be the primary driver of Q/Q growth, while it has become unclear whether self-learning growth of 3-5% Q/Q still applies.
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10:26:02 AM UTC
SquawkNews
APP BofA Downgrades APP to Neutral, PT $400 Analyst comments: "We believe the risks to APP's articulated 30% Y/Y LT revenue growth trajectory (including "Consumer") have increased. Post-Q2 print, engineer-directed improvements to Gaming models appear to be the primary driver of Q/Q growth, while it has become unclear whether self-learning growth of 3-5% Q/Q still applies.
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