KeyBanc Downgrades Apple Stock to 'Underweight'
On July 14, KeyBanc downgraded Apple Inc. (AAPL) from 'Sector Weight' to 'Underweight', citing concerns over weakening hardware demand and elevated valuation. The firm set a $250 price target for AAPL, implying more than 20% downside potential.
Topics: Apple hardware demand KeyBanc stock downgrade valuation