Apple’s Latest iPhone Leaves These Analysts ‘Uninspired.’ Why They’re Downgrading the Stock.

Analysts at D.A. Davidson downgraded Apple stock after the company’s product launch event on Tuesday, citing the company’s underwhelming iPhone upgrades and inability to leverage artificial intelligence. The firm’s Gil Luria, Alexander Platt, and Caleb Tammen dropped their rating to Neutral from Buy and maintained their $250 price target in a research note Thursday. “Following recent product announcements that have left us uninspired, we believe that Apple may not significantly leverage AI anytime soon,” the trio wrote.