Stifel Nicolaus Cuts Apple (AAPL) Price Target by $100, But Still Sees Significant Upside

Stifel Nicolaus cut its price target on Apple (NASDAQ: AAPL) from $825 to $725. The firm maintained a Buy rating. Despite the cut the firm's price target still suggests 49% upside from Tuesday's close.

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $485.92 yesterday.

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