Apple (NASDAQ:AAPL) got the wind knocked out of its sails last week when KeyBanc Capital Markets analyst Brandon Nispel downgraded AAPL stock from Overweight to Sector Weight, the equivalent of Buy to Hold.
The Keybanc analysts had four reasons for caution: valuation, struggling U.S. sales, international sales are also iffy, and analyst estimates for future earnings don’t have much room to go higher.
Many are wondering if this is a buy-on-the-dip moment. Here’s how I’d play the Apple downgrade dip.
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