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KeyBanc downgrades Apple to sector weight. Here’s what the pros say

Chaim Potok by Chaim Potok
October 4, 2023
in Investing
KeyBanc downgrades Apple to sector weight. Here’s what the pros say
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Market Movers rounded up the latest reactions on Apple from investors and analysts. The pros, including Jim Cramer , discussed the iPhone maker after KeyBanc downgraded the stock late Tuesday to sector weight from overweight. The firm said U.S. sales will likely struggle. The analyst behind the call, Brandon Nispel, wrote that he expects ” trends in key markets such as the U.S. to remain soft .” Apple is currently held in Cramer’s Charitable Trust portfolio.

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