Analyst downgrades Apple stock, sets next APPL low target

KeyBanc analyst Brandon Nispel is forecasting more downside for Apple (NASDAQ: AAPL) stock, citing several issues, primarily regarding market reception for the company's latest iPhone 16 series. In an investor note on October 25, Nispel downgraded Apple (AAPL) to "Underweight" from "Sector Weight," setting a price target of $200. The downgrade comes as Apple stock faces increased short-term volatility, dropping over 2% in the past week. At the close of the last trading session, AAPL was valued at $230.57, e ...