KeyBanc Downgrades Apple Ahead of iPhone Event
KeyBanc reiterated its Underweight rating on Apple Inc. ahead of the company's September 9 iPhone launch event, setting a price target of $250.00.
The current stock price stands at $328.21, near its 52-week high of $344.57, with a P/E ratio of 37.57.
According to InvestingPro analysis, Apple appears overvalued at current levels, a concern echoed by 13 analysts who have recently revised their earnings estimates downward.