If the stock drops again today it would mark its twelfth daily decline in the last thirteen trading sessions as the shares inch closer to entering a "bear market," defined as being down 20% or more from its recent high of about $133 per share. MERRILL DOWNGRADE: Bank of America Merrill Lynch analyst Wamsi Mohan downgraded Apple to Neutral and lowered his price target on the stock to $130 from $142, saying a slowdown in iPhone growth could pressure shares over the near-term.