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Jefferies Upgrades Apple to 'Hold' Amid Cautious Analysts on AI
Written byAinvest
Saturday, Jul 5, 2025 12:17 pm ET1min read
Apple's (AAPL) stock was upgraded to "Hold" by Jefferies with a new price target of $188. Analyst Edison Lee cited the company's 15% annual growth in sales volume in April and May as a catalyst for the upgrade. However, Lee cautioned that strong June quarter sales could imply slow demand in the September quarter and expressed concerns about the attractiveness of the new iPhone 17 Slim and potential revenue declines from the App Store.
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