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Apple Inc.'s massive run might be drawing to a close, as least according to one Wall Street firm. The tech giant got a rare downgrade Tuesday morning from Nomura Instinet analyst Jeffrey Kvaal, who says that iPhone X sales as well as other positives for the company are already baked into the stock price. Analysts are still overwhelmingly positive on the stock, which has been the largest contributor to the S&P 500 Index's gains this year, with 36 firms rating it a buy, eight advising hold and no sell recommendations.
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