Maxim Group is ‘concerned’ about Apple’s services biz and subscriptions
<p style="white-space: pre-wrap;">The Maxim Group <a href="https://www.cnbc.com/2018/05/30/apple-gets-downgraded-on-concern-services-focus-wont-deliver-big-profits.html" target="_blank" rel="noopener noreferrer">has downgraded</a> Apple from “buy” to “hold” and lowered the price target from $204 to $200, a 6% upside to yesterday’s close. Nehal Chokshi — an analyst at at the investment banking firm, cites concerns about the services business and subscriptions.</p>