Loop Capital Cuts Apple Rating Over iPhone Sales Outlook

T2Covered by 1 source · first reported by MacRumors / AppleInsider at 21 Oct, 08:38 UTC

Loop Capital has lowered its rating on Apple from "Buy" to "Hold," saying the company is unlikely to make up an estimated 13 million iPhone shipments cut from its plans for the second half of 2026, according to Investing.com. The firm reduced its Apple stock price target from $370 to $330. Loop…