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Apple stock hit with major Wall Street downgrade
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1 Articles
Apple stock hit with major Wall Street downgrade
Apple (NASDAQ: AAPL) shares have been hit with a notable Wall Street downgrade after KGI Securities lowered its rating on the technology giant from ‘Outperform’ to ‘Neutral’, citing limited upside potential following the stock’s strong recent rally. The downgrade comes as Apple stock trades near the upper end of its recent range, with KGI assigning a 12-month price target of $315. The new target implies upside of about 5.7% from AAPL’s press-tim…
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