Investment bank KeyBanc Capital Markets downgraded Apple's rating from “synchronizing with the market” to “reducing holdings” and set a target price of $250, citing continued weakness in hardware demand data and concerns about 2027 growth expectations.

Investment bank KeyBanc Capital Markets downgraded Apple's rating from “synchronizing with the market” to “reducing holdings” and set a target price of $250, citing continued weakness in hardware demand data and concerns about 2027 growth expectations.