Reported about 1 month ago
KeyBanc Capital Markets has downgraded Apple Inc. to a sell rating, citing unrealistic market expectations for significant growth across all its business sectors. Analyst Brandon Nispel expressed skepticism about the likelihood of a broad recovery, noting that Apple has historically only achieved growth across all categories a few times in the last two decades. With a new price target of $200 implying further downside, Nispel predicts the tech giant's stock may continue to underperform unless it significantly exceeds expectations.
Source: YAHOO