Apple Shares Fall After Downgrade to “Underperform”
Apple Inc.’s shares plummeted on Tuesday after Jefferies downgraded the company’s stock from “hold” to “underperform”, citing weak iPhone sales and demand for artificial intelligence (AI) features in new models. The downgrade follows a similar move by JPMorgan, which stuck with an overweight call but lowered its price target to $260. Jefferies analysts believe Apple … Read more