[BIG TECH]■ STORY TIMELINE
JEFFERIES DOWNGRADES APPLE ON IPHONE OUTLOOK
Jefferies analyst Edison Lee downgraded Apple to underperform, citing challenges in iPhone innovation and supply chain pressures. The price target was cut to $263.66 from $285.56.
Bloomberg Tech+0m
Apple is no longer the "king of the supply chain," and that has Jefferies analyst Edison Lee worried. He cut Apple from…