Apple’s Stock Just Got a Rare Downgrade
- Rating cut by Nomura Instinet is first for company since June
- Apple stock gains may be in late innings, analyst says
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Apple Inc’s massive run might be drawing to a close, as least according to one Wall Street firm.
The tech giant got a rare downgrade this morning from Nomura Instinet analyst Jeffrey Kvaal, who says that iPhone X sales as well as other positives for the company are already baked into the stock price. He lowered the rating to neutral.