Loop Capital Downgrades Apple to Hold, Cuts Price Target to $330
Loop Capital analyst Ananda Baruah lowered Apple to Hold from Buy and cut his price target to $330 from $370, citing questions about recovering planned iPhone shipment cuts.
Loop Capital downgraded Apple to Hold from Buy on Tuesday, with analyst Ananda Baruah saying he questioned whether the company can recover planned iPhone shipment cuts, according to an analyst note. Baruah also lowered his price target to $330 from $370.