With Apple’s (NASDAQ: AAPL) latest smartphone series showing a mixed reception among consumers, analysts are leveraging this trend to predict how the company’s stock might trade.In the latest outlook, Jefferies analyst Edison Lee pointed out that expectations around the iPhone 16 might be ‘too high,’ leading him to downgrade AAPL from ‘Buy’ to ‘Hold’ with a price target of $219.92, as stated in an investor note on October 7.The analyst emphasized that current expectations for the iPhone 16 and iPhone 17 are ...