Reported about 14 hours ago
Apple shares dropped after Jefferies downgraded the stock to 'underperform' due to weak iPhone sales and low demand for AI features, predicting that Apple will miss revenue forecasts for the upcoming quarter. Meanwhile, JPMorgan maintained an overweight rating on Apple but lowered its price target from $265 to $260, expressing concerns about the company's outlook in light of current market conditions.
Source: YAHOO