Apple Stock Slides After Analyst Downgrade
Apple Inc (NASDAQ:AAPL) shares are retreating Monday after Jefferies took a bearish position on the iPhone maker, shifting its rating to Underperform from Hold and reducing its price target to $263.66 from $285.56. Here's what you need to know.
A big investment expert changed their mind about Apple, saying they're less excited about it now. When smart money-watchers become less confident, it can make more people want to sell, so it's worth paying attention to what's making them worried.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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