Loop Capital Downgrades Apple to Hold, Cuts Price Target to $330
Loop Capital downgraded Apple to Hold from Buy and lowered its price target to $330 from $370. Apple shares fell 0.83% in premarket trading.
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12:34:06 PM UTC
SquawkNews
Loop Capital downgraded Apple's stock to Hold with a price target of $330.00.The price target implies a downside of 3.8% from the Oct 19 close of $342.94.Key takeaways from the analyst noteValuation Concerns: Apple is currently trading at a high price-to-earnings (P/E) ratio of 30x, close to its pe…