Type: rating_drop

Analysts Jefferies downgraded Apple (AAPL) to Sell and lowered price target to $263.66, citing production challenges

Jefferies downgraded Apple to a sell-equivalent rating and reduced its price target, citing canceled production of a highly anticipated all-glass iPhone model. Despite this, analysts suggest investors should remain confident in Apple's long-term prospects due to upcoming product launches and strong historical performance.

Analysts Piper Sandler downgraded AppLovin (APP) to Neutral and lowered target price to $385, indicating 7.9% downside

Piper Sandler has downgraded AppLovin's stock from overweight to neutral, significantly reducing its price target, following a mixed second-quarter report and disappointing profit guidance for the third quarter. This downgrade reflects concerns about the company's ability to meet future expectations despite its previous strong performance.