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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (169932)	5/29/2014 9:48:28 AM
From: Moonray	Respond to of 213174

S&P CAPITAL IQ DOWNGRADES OPINION ON APPLE TO HOLD FROM BUY, BASED ON VALUATION (S&P Capital IQ) We raise our 12-month target to $650 from $625, based on revised relative P/E and P/E-to-growth analysis using our calendar year '14 EPS forecast. AAPL rose 13% year to date and 40% over the past year, versus comparable S&P 500 gains of 4% and 16%. AAPL also announces the proposed purchases of Beat Electronics and Beats Music for consideration of $3 billion, and we think the deal would enhance the company's already considerable accessories and music services offerings/businesses, and add to its cache. We also note AAPL's Worldwide Developers Conference is set to start June 2. o~~~ O