After Apple announced new AI features branded as Apple Intelligence at the Worldwide Developers Conference on Monday, several analysts took a cautious stance toward the iPhone maker on Tuesday. Barclays kept an “Underweight” rating on Apple stock with a price target of 253 dollars, implying a drop of approximately 15%, saying that the AI features are “enjoyable even if they are not necessarily transformative” and “not enough to kick off an upgrade cycle.” UBS also kept a “Neutral” rating with a price target of 296 dollars, considering that although the AI announcements

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