$Apple(AAPL.US) - JEFFERIES DOWNGRADES APPLE TO UNDERPERFORM
Jefferies analyst Edison Lee cut Apple from Hold to Underperform with a $205.16 price target.Lee said stronger demand for iPhone 17 is already priced in, while expectations for iPhone 18 and a foldable model are too high. He raised iPhone growth estimates for FY25 but kept a muted outlook for FY26–27 due to higher prices and limited foldable demand.The copyright of this article belongs to the original author/organization.
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