Maxim downgraded Apple to sell from hold and set a 12-month price target of $190.
Apple CEO Tim Cook delivers the keynote address during a special event on September 10, 2019 in the Steve Jobs Theater on Apple's Cupertino, California campus.
Apple shares got a rare sell rating on Thursday after Maxim group downgraded the stock on concerns about lower iPhone sales next year, citing proprietary survey data.to sell from hold and set a 12-month price target of $190, a 28% downside for the stock. Apple shares hit a record on Wednesday of $264.78 and are up 67% this year.
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