Apple Shares Downgraded by Jefferies

This is a news story, published by MSN, that relates primarily to Apple news.

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Investing.com

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Apple shares tick lower as Jefferies cuts rating on rich valuation

Summary

Nutrition label

84% Informative

Jefferies analysts cut their rating on the stock from Buy to Hold.

The investment bank set a price target of $ 212.92 on Apple , suggesting a potential downside of around 6% from the last closing price.

Jefferies remains bullish about Apple 's long-term AI capabilities, acknowledging the company as “the only hardware-software integrated smartphone player”.

VR Score

Informative language

Neutral language

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formal

Language

English

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not offensive

Hate speech

not hateful