*Walter Bloomberg
@DeItaone
Joined August 2014
40 Following 2M Followers
$AAPL - KEYBANC WARNS APPLE'S IPHONE 18 MOMENTUM MAY FADE
KeyBanc reiterated its Underweight rating and $250 price target on Apple following a survey of 2,046 iPhone users.
The firm warns that higher prices, fewer carrier promotions and longer upgrade cycles could weaken iPhone sales and services growth.
Apple trades at approximately 40x projected 2027 earnings, versus its three-year average of 27x.
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