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Zenger
Zenger
Shanthi Rexaline

Apple Faces Headwinds As Analyst Downgrades Stock Amid Concerns

Brandon Nispel Keybanc KeyBanc Capital Markets Apple Justin Sullivan Nasdaq Tim Cook
Apple CEO Tim Cook stands next to the new Apple Vision. Apple Inc. (NASDAQ:AAPL) faced headwinds in the wake of rate concerns. JUSTIN SULLIVAN/GETTY IMAGES.

PORTLAND, Ore. — Apple Inc. (NASDAQ:AAPL) faced headwinds in the wake of rate concerns and an underwhelming hardware launch event in September.

Analyst Brandon Nispel from KeyBanc Capital Markets shifted from bullish to neutral, downgrading Apple’s stock from “Overweight” to “Sector Weight” and removing the previous price target of $200.

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