Apple (AAPL) Stocks trade higher on Friday despite downgrading financial services firm KeyBanc 7 amazing stocks Switching from Standard Weight (equivalent to Hold) to Underweight (equivalent to Sell) with a $200 price target.

Apple has been one of the best performers in 2024, up 34% year-to-date. Dow Jones shares. But KeyBanc analyst Brandon Nispel is worried about iPhone 16 sales. He thinks customers will prefer to buy the new lower-priced iPhone SE model, which is expected to be released in early 2025, rather than the more expensive iPhone 16. Barron’s.