Apple shares are trading lower after Jefferies downgraded the stock from Hold to Underperform and lowered its price target on the stock from $285.56 to $263.66.

Apple Inc.

Apple Inc.

AAPL

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Apple shares are trading lower after Jefferies downgraded the stock from Hold to Underperform and lowered its price target on the stock from $285.56 to $263.66.