Apple (AAPL) Drops Below $460 in Late Trading; Lowest Since Feb '12
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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
Sterne Agee Cuts PT on Apple (AAPL) Despite 'Decent' December Quarter
January 24, 2013 7:30 AM ESTSterne Agee's Shaw Wu lowered his price target on Buy-rated Apple (NASDAQ: AAPL) from $840 to $715 following Q1 results.
Commenting on the quarter, Wu notes: "AAPL reported the strongest quarter in its 36-yr history adding $16 billion in cash but below expectations of a... More
Deutsche Bank Slashes Numbers on Apple (AAPL) Post Q1; March Guidance Soft But Not a Surprise
January 24, 2013 7:15 AM ESTDeutsche Bank slashed estimates and its price target on Apple (NASDAQ: AAPL) from $800 to $575 following Q1 results, but maintained a Buy rating.
Commenting on the guidance change, the analyst said: "AAPL revised the way it provides financial guidance & going forward will target a... More
