KeyBanc downgrades Apple
Apple was downgraded at KeyBanc Capital Markets which said shares of the world’s most valuable company are trading near all-time high valuation levels but foresees sales growth as likely to slow.Kurt Schussler for Bloomberg News:“US sales are likely to struggle” on a challenging upgrade cycle for the iPhone amid slower consumer spending, analyst Brandon Nispel wrote in a note, cutting his rating on Apple to sector weight from overweight.
While early demand for the iPhone 1
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