Apple Tankwatch Message Board

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Technology Stocks : Apple Tankwatch

AAPL 274.59

+0.3%

2:53 PM EST

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To: clochard who wrote (26336)	6/24/2013 9:52:00 AM
From: sylvester80	Read Replies (1) of 32692

Apple price target cut to $405: Jefferies NEW YORK (MarketWatch) -- Apple Inc. AAPL -2.08% had its stock price target cut to $405 from $420 Monday by Jefferies after the investment bank said the technology company may slow its iPhone production. Elevated inventory levels indicate the company may cut iPhone building in the third quarter, its current quarter, and fourth quarter as it prepares for the potential release of the iPhone 5S in September and iPhone 6 next year, according to Jefferies. The investment bank currently rates Apple at "hold". Shares of Apple traded down 1% at 413.50 in premarket trading Monday.

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