Jefferies Analyst Reiterates Sell Rating for Apple at $263.66

Jefferies analyst Edison Lee has maintained a sell rating for Apple (AAPL.US) and reiterated his target price of $263.66. This decision is based on the analyst's performance over the past year, which shows a success rate of 51.7% and an average return of 22.4%, according to TipRanks data.

TipRanks provides analysis data from financial analysts and calculates their success rates and average returns. An analyst's success rate is determined by the number of successful ratings they have made, divided by their total number of ratings over the past year. A successful rating is one that results in a positive return for TipRanks' virtual portfolio.

It's worth noting that while Edison Lee has maintained his sell rating and target price for Apple, he has still had success with his recommendations in the past. His 51.7% success rate indicates that two out of three times, his predictions have been correct.