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FBR Capital Latest to Cut Apple (AAPL), But Says Catalysts Could Create a Floor
January 25, 2013 11:37 AM ESTWhile most on Wall Street slashed their price target on Apple (NASDAQ: AAPL) on Thursday, FBR Capital's Scott Thompson waited a day. In a report out this morning, Thompson cut his price target from $675 to $625, while maintained an Outperform rating.
He noted iPhone, iPad, and Mac unit volumes and ASPs were below our/consensus expectations and well below levels necessary to serve as a much needed positive catalyst for the shares.
While the Q1 report was... More
Topeka's Brian White Cuts Legendary Apple (AAPL) Price Target
January 24, 2013 8:12 AM ESTTopeka Capital's Brian White cuts his legendary $1,1111 Apple (NASDAQ: AAPL) price target to $888 following Q1 results. He maintained a Buy rating.
White commented, "Last night, Apple reported 1QFY13 results and offered up a 2QFY13 sales outlook that was inline with our model but fell... More
