Apple Stock Downgraded by KeyBanc on Slowing iPhone Demand and Stretched Valuation

KeyBanc turns bearish on Apple, cutting the stock to Underweight and setting a $250 target. Analyst flags softening demand, iPhone headwinds, and rich valuation.

Apple Stock Downgraded by KeyBanc on Slowing iPhone Demand and Stretched Valuation
Credit: Chris Ratcliffe/Bloomberg
Already have an account? Sign in.