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Apple Slumps 4%+, Downgraded by Broker w/ Lower TP
Recommend 2 Positive 3 Negative 4 |
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Apple (AAPL.US) was downgraded to Underperform with its target price axed by 13% by Jefferies. It share price slumped more than 4% against the market on Tuesday to US$220.09, rocking bottom since October 2024. In its report, Jefferies downgraded the stock to Underperform from Hold on the basis of feeble iPhone sales and weaker forecast on its new AI features, and axed its target price by 13% to US$200.75. In addition, Counterpoint Research's report said that Apple's iPhone sales volume in China sagged 18.2% YoY in the last quarter. AAStocks Financial News |
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