Jefferies cuts Apple to Underperform with a $205 target, citing inflated iPhone 18 foldable expectations and slowing unit growth forecasts

Jefferies cuts Apple to Underperform with a $205 target, citing inflated iPhone 18 foldable expectations and slowing unit growth forecasts

Apple Inc (NASDAQ:AAPL) shares are retreating Monday after Jefferies took a bearish position on the iPhone maker, shifting its rating to Underperform from Hold and reducing its…