Apple hit with second downgrade, inventory concerns to blame

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Apple (AAPL) gets hit with another downgrade this week, the iPhone maker's second since the start of 2024. Piper Sandler analysts downgraded Apple stock from “Overweight” to “Neutral” amid concerns about the tech giant’s iPhone inventory levels. Yahoo Finance Markets Reporter Jared Blikre breaks down Piper Sandler's note and how remnants of 2023 themes are lingering around Apple and the tech industry at large so far in 2024. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance

Published 2024-01-04 · Watch on YouTube ↗
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