S&P Equity Research Downgrades Apple (AAPL) to Hold
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S&P Equity Research downgrades Apple (Nasdaq: AAPL) from Buy to Hold.
S&P analyst, T. Smith, says, "We continue to see a strong revenue and EPS growth story for AAPL. On April 28, the company updated its mainstay iMac personal computer with more powerful CPUs and graphics processors, and we expect AAPL will continue to gain PC market share in 2008. On May 1, the company announced more movie purchase options for customers of iTunes Store. We are maintaining our EPS estimates of $5.30 for 2008 and $6.50 for 2009. However, we are taking a less aggressive investment stance, based on valuation. We maintain our P/E based 12-month target price of $200."
Apple Inc. designs, manufactures, and markets personal computers, portable digital music players, and mobile communication devices and sells a variety of related software, services, peripherals, and networking solutions. [SM]
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Comments
STOCK MANIPULATION
You Short Sell Fucking Bastards! SEC, SEC!
Apple
Who is this clown coming out with a downgrade at 3:45 Friday on the best tech company in the world, Apple? Apple will be over 200 in 2 weeks, then he can upgrade. What a horse's ass.
tactics
his firm got to many covered calls in the money. that simple.
Apple
T Smith is a complete idiot.
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fake
makktrakker on May 10, 2008 10:00 PMSEC SEC