UPDATE: Standpoint Research Downgrades Apple to Hold on Market Cap Concerns
August 02, 2013 at 15:55 PM EDT
In a report published Friday, Standpoint Research analyst Ronnie Moas downgraded Apple (NASDAQ: AAPL ) from Buy to Hold based on concerns over the company's market cap. In the report, Standpoint wrote, "=Back in September, the Apple share price hit $700. It looked as though they were going to