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Apple's stock dropped despite beating earnings, as MoffettNathanson downgraded it to "Sell."
Apple's stock fell 0.3% to close at $244.26 on Tuesday, with a market cap of $3.66 trillion.
Despite beating earnings expectations and maintaining a "Moderate Buy" consensus rating from analysts, MoffettNathanson downgraded the stock to "Sell" due to concerns over premium valuation, weak iPhone 16 sales, and challenges in China.
The downgrade, setting a $188 price target, highlights risks despite Apple's recent financial success.
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Las acciones de Apple cayeron a pesar de superar las ganancias, ya que MoffettNathanson la degradaba a "Vender".