A trader works next to a Grubhub Inc. paper bag on the floor of the New York Stock Exchange (NYSE) in New York.
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Here are some of the best analyst calls on Wall Street this week:
Maxim – Apple, downgraded to sell from hold
Maxim downgraded Apple to a rare sell rating and said it was worried about lower iPhone sales in 2020. The firm cited proprietary survey data and said it also expects operating profit to decline, despite continued growth in Apple’s services and wearables segment.
“We are reducing our F2Q20E (Mar) iPhone revenue estimate…