Jefferies cuts Apple to Underperform, target to $263.66
Jefferies downgraded Apple (AAPL) to Underperform from Hold and cut its price target to $263.66 from $285.56, citing concerns around a reportedly canceled premium iPhone design.
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Apple Stock Slides After Analyst Downgrade
Apple Inc (NASDAQ: AAPL ) shares are retreating Monday after Jefferies took a bearish position on the iPhone maker, shifting its rating to Underperform from Hold and reducing its price target to $263.66 from $285.56. Here’s what you need to know. Apple stock is showing weakness. Why are AAPL shares declining? Jefferies
Apple Cut to Underperform at Jefferies
Jefferies cuts Apple target price