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Loop Capital downgrades Apple to Hold, cutting the price target to $330 from $370. Analyst Ananda Baruah cites a complicated 2026-2027 iPhone cycle, forecasting 79 million December 2026 shipments versus 85 million estimates. The firm lowers the 2027 average selling price forecast from $1,235 to $1,096, projecting revenue falling to $285 billion.
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