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Technology Stocks : Apple Inc.

AAPL 277.23

-0.3%

3:59 PM EST

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From: Moonray	1/15/2013 9:05:00 AM
	1 Recommendation Read Replies (1) of 213174

On Monday analysts at Nomura Securities cut the price target and earnings estimates of tech giant Apple Inc. ( AAPL) due to margin fears because of poor iPhone 5 sales. The analysts value shares of Apple at $530, down from the previous valuation of $660. This new target suggests a +5.6% upside to Monday’s closing price of $501.75. The firm also backed its “Neutral” rating for the maker of the iPad and iPhone. Nomura now sees fiscal year 2013 earnings per share at $45.54, down from $51.68. For fiscal year 2014 the analysts see Apple earning $49.69 per share, down from the previous view of $55.58. More at: Nomura Securities Cuts Apple’s Price Target, Estimates Due to Weak iPhone 5 Sales (AAPL) o~~~ O

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