Apple (AAPL) Opens Below $500/Share
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Nomura Slashes Apple (AAPL) Price Target to $530, Sees Downside Risk of $400
January 15, 2013 7:49 AM ESTNomura Securities slashed its price target on Apple (NASDAQ: AAPL) Tuesday from $660 to $530, while reiterating a Neutral rating.
Analyst Stuart Jeffrey notes iPhone pressures highlight margin fears, and sees potential downside to $400 on gross margin declines.
"To reflect signs of... More
