October 25, 2024

Apple dips after KeyBanc cuts rating on iPhone sale concerns

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Peter Nicholls

KeyBanc downgraded Apple’s (NASDAQ:AAPL) stock to Underweight from Sector Weight with a $200 price target.

Apple’s stock dipped about 1% premarket on Friday.

The firm said its consumer survey “disproves one major bull case” that the iPhone SE is not purely additive to iPhone sales.

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