Third investment firm downgrades Apple, but expects iPhone demand to improve

Investment firm Redburn Atlantic has become the latest to downgrade Apple, although its analyst is keeping its $200 price target. Apple's iPhone 15 Following Barclays' expectation that the iPhone 16 will have no compelling features, Piper Sandler also downgraded Apple over fears of falling demand. Now Redburn Atlantic has become the third such investment firm to downgrade Apple in January 2024.According to Seeking Alpha, analyst James Cordwell has kept his $200 price target, but downgraded Apple...