Apple downgraded to hold at Loop Capital, price target cut to $330

Loop Capital analyst Ananda Baruah downgraded Apple to hold from buy, lowering the price target to $330 from $370, citing full valuation and need for a catalyst. MoffettNathanson cut its target to $283 from $304, keeping neutral. Apple shares traded at $341.02, off a record $348.15 set Oct 13. The company has a product event Oct 28 and reports fiscal Q4 results Nov 2.