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via finance.yahoo.comMarkets

Loop Capital downgrades Apple to Hold and cuts target to $330

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Loop Capital cut its rating for Apple to Hold from Buy and lowered the price target to $330 from $370 in a note Tuesday, citing new iPhone supply chain data. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe downgrade flags lower iPhone shipments, a negative factor for the Apple stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Loop Capital cut Apple's rating from Buy to Hold.
  2. 02The price target falls to $330 from $370.
  3. 03Apple reduced September and December quarter iPhone shipments by 10%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Apple Inc.AAPLStock342.06 USD-0.26%today -0.26%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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