MobileAppleInsiderabout 2 hours ago
Jefferies cuts Apple target to $263.66, downgrades to Underperform
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Jefferies downgraded Apple to Underperform with a $263.66 price target, citing the cancelled all-glass iPhone 20 design due to low yield. Analyst Edison Lee called the folding iPhone at over $2000 the only key driver of higher ASP and margin. Apple stock closed at $313.33 on Friday.
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