Apple Analyst Sentiment Hits Five-Year Low After Two Downgrades
D.A. Davidson cut the stock to neutral from buy, a move that follows product announcements earlier this week that failed to assuage concerns about the company’s position with artificial intelligence.“While we were initially excited about the prospects of Apple’s role in the AI ecosystem and potential major upgrade cycle, it has become clear to us that neither of those are likely to come to fruition in the near-term,” wrote analyst Gil Luria. The new products, including a thinner iPhone, “left us uninspired, ...