AAPL - ANALYST: APPLE INC. STOCK LOOKS EXPENSIVE KeyBanc Capital Markets analyst Brandon Nispel kept a Sector Weight rating on Apple, saying its valuation looks stretched despite strong September data. Spending rose 17% month over month but fell 15% year over year, showing slowing momentum. Nispel called it “the most bearish” data vs. carrier and survey trends. KeyBanc still expects Apple to beat iPhone targets in Q4 and guide in line, with FY26 growth driven by higher ASPs. The firm raised FY25–26 revenue estimates by up to 2.2% but kept a neutral view, citing lofty expectations and limited upside.(*Walter Bloomberg)