On January 30th, Oppenheimer downgraded Apple’s rating from outperforming the market to being in line with the market, reflecting investors’ cautious attitude before the company’s performance release. This is at least the fifth time this month that Apple’s rating has been downgraded, after Jefferies, MoffettNathanson, Loop Capital, and DBS Bank all lowered their outlook for Apple. This downgrade further proves that Apple is the least popular large tech stock after Tesla.
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