Apple shares plummet following 2 consecutive Mizuho downgrades in 2 weeks

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Japanese lenders Mizuho Securities dropped its international rating on US technology giant Apple from “buy” to “neutral” and reduced the price target down from US $160 to US $150 per share. This is the second downgrade the company have received in 2 consecutive weeks; sending the stock plumetting even lower than predicted during the premarket trading, and so soon after a severe selloff in the technology sector in the prior session.