Goldman Sachs Trims Price Target on Apple (AAPL), Keeps Top Rating

August 15, 2011 8:34 AM EDT
Get Alerts AAPL Hot Sheet
Price: $305.93 +0.22%

Rating Summary:
    44 Buy, 29 Hold, 9 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Goldman Sachs reiterated its Conviction Buy List rating on Apple (NASDAQ: AAPL) but cut its price target from $525 to $480.

The price target still represents 38% upside form current levels.

Among their Buy-rated stocks in the sector, Goldman continues to view EMC (NYSE: EMC) and Apple as having the strongest secular prospects.

For more ratings news on Apple click here and for the rating history of Apple click here.

Shares of Apple closed at $376.99 yesterday.


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Goldman Sachs Conviction Buy List, Goldman Sachs