Apple Tankwatch Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Tankwatch

AAPL 272.24

+0.5%

Dec 23 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: zax	12/17/2012 10:33:07 AM
	1 Recommendation of 32692

Apple price targets lowered by Pacific, Canaccord Dec. 17, 2012, 10:17 a.m. EST marketwatch.com SAN FRANCISCO (MarketWatch) -- Apple Inc. /quotes/zigman/68270/quotes/nls/aapl AAPL -1.51% saw it price target cut by Pacific Crest and Canaccord Genuity on Monday morning, with both brokers citing new concerns about iPhone sales. The cuts come on the heels of a downgrade by Citigroup on Apple citing similar concerns. Andy Hargreaves of Pacific Crest cut his price target to $565 from $645, writing that "weak global economic conditions and saturation at the high end of the smartphone market are reducing Apple's ability to add new iPhone users." Mike Walkley of Cancaccord cut his target to $750 from $800 wrote that while he still believes iPhone 5 sales in the current quarter will be "very strong," he's reducing his estimates for the next two fiscal years, "due to softer sales expectations in international markets, primarily in Europe." Both analysts kept their buy ratings on the stock, which was last trading down 0.6% at $506.65.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next