[Jefferies: Downgrades Apple Inc. rating from 'Hold' to 'Underperform,' lowers target price to $263.66] BlockBeats News, August 10, Jefferies downgraded Apple Inc.'s rating from 'Hold' to 'Underperform' and lowered the target stock price from $285.56 to $263.66. According to BIT (bit.com) market data, Apple (AAPL.O) fell 1.3% pre-market.