Apple Stock Downgraded by Jefferies Amid iPhone Outlook Concerns
Apple's stock has been downgraded by Jefferies due to concerns about the iPhone outlook, specifically the reported cancellation of an 'all-glass' iPhone. This downgrade adds to a growing number of sell ratings for the tech giant.
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Apple Downgraded at Jefferies on iPhone Outlook
Apple is no longer the "king of the supply chain," and that has Jefferies analyst Edison Lee worried. He cut Apple from hold to underperform and lowered the price target to $263.66 from $285.56. Lee says introducing new form factors in the iPhone is harder than expected and plans for an all-glass iPhone model were cancelled. He speaks to Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Read full article →Don't let a Wall Street analyst's downgrade of Apple scare you out of the stock
Jefferies analyst Edison Lee cited supply chain checks.
Read full article →Apple’s stock could underperform, especially without an ‘all-glass’ iPhone, this analyst warns
A Jefferies analyst says that it may be harder than it looks for Apple to roll out dramatically more expensive devices in a bid to boost profitability.
By William Gavin
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