01-14-2009, 06:00 PM
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Executive Editor, Apple Thoughts
Join Date: Nov 2008
Posts: 2,937
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Take it Easy Investors, AAPL Still Rated a Buy
"Citi analyst Richard Gardner repeated the firm's "buy" recommendation for Apple stock, but reduced his estimate through 2011 to "reflect a more conservative view of consumer spending." 
The report cites some softening of iPhone shipments in the last quarter of 2008 as one reason, and they lowered the 12-month target price to $132 USD from $153 USD. He further stated that they see opportunity in weakness so they are keeping Apple at a "buy" recommendation. AAPL closed down approximately $0.95 USD today on the news, that is if I am reading the Google finance site correctly.
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iPhone 4, 1.6 GHz Core 2 Duo MacBook Air, Apple TV, 2.66GHz Intel C2D Mac Mini, 1TB TC, Airport Extreme,several iPods and an iPad, 32GB Wi-Fi version. Follow me on Twitter. |
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