Apple Inc. Downgraded For Difficult Comparisons, Currency

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Apple Inc. Downgraded For Difficult Comparisons, Currency
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Apple stock has been on a tremendous tear recently, although shares dipped today after analysts at Societe Generale downgraded them from Buy to Hold. In spite of that downgrade, the firm maintained its $130 per share price target, indicating that the recent tear is clearly impacting the downgrade.

Two other reasons Societe Generale gave for the downgrade are currency exchange iss