Jeff Campbell
01-14-2009, 06:00 PM
<div class='os_post_top_link'><a href='http://www.tuaw.com/2009/01/13/citi-reiterates-aapl-buy-rating-cuts-price-target/' target='_blank'>http://www.tuaw.com/2009/01/13/citi...s-price-target/</a><br /><br /></div><p><em>"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."</em></p><p><em><img src="http://images.thoughtsmedia.com//at/auto/1231896502.usr105634.png" /></em></p><p>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. <a href="http://finance.google.com/finance?q=aapl" target="_blank">AAPL</a> closed down approximately $0.95 USD today on the news, that is if I am reading the Google finance <a href="http://finance.google.com/finance?q=aapl" target="_blank">site</a> correctly. </p>