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Old 01-14-2009, 06:00 PM
Jeff Campbell
Executive Editor, Apple Thoughts
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Default Take it Easy Investors, AAPL Still Rated a Buy

http://www.tuaw.com/2009/01/13/citi...s-price-target/

"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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