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Loop Capital downgrades Apple (AAPL) to Hold from Buy, cutting price target to $330 from $370, citing iPhone shipment concerns.
Loop Capital downgraded Apple (AAPL) to Hold from Buy, cutting its price target to $330 from $370, citing iPhone shipment concerns. Supply chain checks suggest Apple will not recover 13 million iPhone shipments cut from its 2026 plans. Loop now expects 79 million iPhones in the December quarter versus Wall Street's 85 million.
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