Apple downgraded on 'No AI Innovation,' stock eyes rebound
Apple shares rose 0.5% in premarket after a 4-day slide. Phillip Securities downgraded the stock to 'Reduce' with a $200 target, citing tariffs, high costs, and "no significant AI innovation." Most other firms raised targets ($241-$290) post iPhone 17 launch. Retail sentiment remains 'extremely bullish,' though Apple is still down 9.1% YTD.