) market capitalization slipped below $2 trillion on the first trading of 2023 as its stock fell nearly 4% following a rating downgrade due to production disruption in China.
Exane BNP Paribas analyst Jerome Ramel downgraded Apple to “neutral” from “outperform” with a price target cut to $140 from $180, according to a report byBe smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.