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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
Canaccord Genuity Cuts Apple (AAPL) PT to $650, Keeps 'Buy' Rating
January 24, 2013 8:47 AM ESTCanaccord Genuity analyst T. Michael Walkley cut his price target on Apple (NASDAQ: AAPL) from $750 to $650 and lowered estimates following Q1 results. He reiterated his Buy rating.
Walkley comments, "Consistent with our monthly store surveys indicating solid iPhone 5 sales and stronger-than-expected... More
