• Analyst Downgrades Apple Stock From “Buy” to “Neutral”

    Analyst Downgrades Apple Stock From “Buy” to “Neutral”

    Jeffry Kvaal, an analyst at Nomura’s Instinet brokerage agency sent out a note yesterday morning, downgrading Apple’s stock rating from “Buy” to “Neutral”.  Why did this happen exactly?  He believes that the stock gains for the iPhone X are in what he’s calling “late innings”.  The note reads “we believe unit growth, if not quite…