Plain and Simply Apple (AAPL) Has Stopped Growing Earnings

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BMO Capital Slashes Numbers on Apple (AAPL), Keeps Buy

January 17, 2013 8:54 AM EST

BMO Capital's Keith Bachman is the latest analyst to cut his price target on Apple (NASDAQ: AAPL). Today he cut his target from $670 to $640 and lowered March quarter and forward estimates, but kept an Outperform rating. Bachman believes near-term guidance could disappoint.

Commenting on speculation of a low-priced iPhone, Bachman said... More