: Apple stock downgraded to sell by analysts at Lightshed
Apple Inc. stock AAPL was downgraded to sell from neutral by Lightshed analysts on Friday, based on a more conservative outlook for iPhone sales and moderating growth expectations for services revenue. Lightshed set a price target of $120, or about 20% below its current price. “We believe the lengthening of the smartphone replacement cycle will persist into calendar 2024 for the following reasons,” the analysts wrote. Phone subsidies by wireless operators are flat to lower in 2023 and are lower... Читать дальше...