Telecommunications & Media
Jefferies downgrades Apple, cuts target on report all-glass iPhone plan scrapped
Jefferies cut its price target on Apple to $263.66 and downgraded the stock to underperform from neutral, citing a report that Apple\'s planned 2027 all-glass iPhone has been cancelled. The brokerage had already lowered its target after Apple\'s earnings release, trimming it from $308.92 to $285.56 before cutting it again. Apple shares fell 1.53 percent to $308.26.
