DZ BANK AG has downgraded its rating of Apple (AAPL.US) from Buy to Hold. The decision was made by analyst Ingo Wermann, who has a success rate of 66.0% and an average return of 10.6% over the past year according to TipRanks data.
The downgrade means that DZ BANK AG no longer recommends buying Apple stock. However, it is not a sell rating either, as the analyst believes the company's fundamentals are still solid.
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