UPDATE: Credit Agricole Downgrades Apple (AAPL) to Outperform, Sees Weakness in iPhone Sales

March 11, 2013 7:43 AM EDT Send to a Friend
Get Alerts AAPL Hot Sheet
Price: $112.65 +2.96%

Rating Summary:
    55 Buy, 10 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 21 | Down: 43 | New: 52
Trade AAPL Now!
Join SI Premium – FREE
(Updated - March 11, 2013 8:53 AM EDT)

Credit Agricole downgraded Apple (Nasdaq: AAPL) from Buy to Outperform with a price target of $505 from $575. Analyst Avi Silver said he was expects weak iPhone trends in the June quarter. The weakness is tied to increased competition ahead of the iPhone 5s launch. Silver also said he wasn't expecting iPhones with large screen this year, although they are "much needed".

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $431.72 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst PT Change, Downgrades

Related Entities

Credit Agricole

Add Your Comment