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Apple Downgraded: Price Target Slashed Amid Market Concerns

1/8/2025

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Summary

Story summary

MoffettNathanson has downgraded Apple (AAPL) to a sell rating, raising alarms about the struggling Chinese market, a looming U.S. antitrust lawsuit against Google, and dwindling consumer enthusiasm for the iPhone 16. Analyst Craig Moffett slashed the price target from $202 to $188, causing Apple’s stock to dip 1.2% to around $242.

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Story summary

MoffettNathanson has downgraded Apple (AAPL) to a sell rating, raising alarms about the struggling Chinese market, a looming U.S. antitrust lawsuit against Google, and dwindling consumer enthusiasm for the iPhone 16. Analyst Craig Moffett slashed the price target from $202 to $188, causing Apple’s stock to dip 1.2% to around $242.