Nomura Slashes Apple (AAPL) Price Target to $530, Sees Downside Risk of $400

BMO Capital Slashes Numbers on Apple (AAPL), Keeps Buy

January 17, 2013 8:54 AM EST

BMO Capital's Keith Bachman is the latest analyst to cut his price target on Apple (NASDAQ: AAPL). Today he cut his target from $670 to $640 and lowered March quarter and forward estimates, but kept an Outperform rating. Bachman believes near-term guidance could disappoint.

Commenting on speculation of a low-priced iPhone, Bachman said... More

Stifel Nicolaus Cuts Apple (AAPL) Price Target by $100, But Still Sees Significant Upside

January 16, 2013 8:04 AM EST

Stifel Nicolaus cut its price target on Apple (NASDAQ: AAPL) from $825 to $725. The firm maintained a Buy rating. Despite the cut the firm's price target still suggests 49% upside from Tuesday's close.

For an analyst ratings summary and ratings history on... More

Notable ETF Movers of the Day 01/15: (XRT) (GLD) Higher; (XLK) Lower

January 15, 2013 1:15 PM EST

Gainers:

SPDR S&P Retail ETF (NYSE: XRT) gained 1.9 percent to 64.4. While strength was seen across the board, specialty retailer Genesco Inc. (NYSE: GCO) was a clear leader today, gaining 8 percent. This morning Genesco... More

The Halo is Not Cracked: Jefferies' Misek Talks Apple (AAPL) Q1 EPS, Component Cuts, and 'Cheap' iPhone

January 15, 2013 11:12 AM EST

Apple (NASDAQ: AAPL) continues under heavy pressure Tuesday as weak iPhone demand and margin fears continue to dominate trade. However in just 8 days the world will get a quarterly report card from the iPhone giant and will be able to see for themselves just how bad, or good, the company is doing.

Jefferies' Peter Misek, who was ahead of the Street on the Apple iPhone 5 component cuts (which dominated trade Monday), offered a preview of Apple's upcoming December quarterly report (FQ1) today. His view is that everything is okay and he expects a... More

Apple (AAPL) Opens Below $500/Share

January 15, 2013 9:32 AM EST

Apple, Inc. (NASDAQ: AAPL) opened below $500 per share. Last traded at $497.50.

This morning, Nomura cut its price target on the stock and said there is risk it could go to $400/share.... More

BMO Capital Latest to Call Apple (AAPL) Component News "Old"

January 14, 2013 5:02 PM EST

BMO Capital's Keith Bachman was the latest to weigh in on Apple (NASDAQ: AAPL) following reports of order cuts for iPhone 5 components.

"We believe that this is consistent with news and reports that were circulated in mid-December," the analyst notes. "For... More

Apple (AAPL) Component Cuts Related to Faster iPhone Refresh?

January 14, 2013 1:24 PM EST

Apple (NASDAQ: AAPL) remains under pressure following reports of iPhone 5 component order cuts throughout the supply chain. Despite some of these same concerns being discussed over the past month, Apple investors remain skittish and aren't taking any chances with earnings just nine days away.

Nikkei reported Apple cut its March quarter orders for iPhone 5 LCD screens by 50% from its original plan of 65 million. Apple also cut orders for other iPhone 5 components.... More

Attention: Apple (AAPL) Component Cut News is a Month Old

January 14, 2013 8:21 AM EST

While Apple (NASDAQ: AAPL) is under heavy pressure early Monday on reports from the Wall Street Journal of component cuts, investors in the know may realize that this information is a month old.

Jefferies analyst Peter Misek picked up... More

BNP Takes Bearish View on Apple (AAPL) Suppliers with Weaker Demand Expected

January 14, 2013 7:28 AM EST
As reported earlier, Apple (Nasdaq: AAPL) is said to be facing lower demand in the first-quarter of 2013. BNP Paribas is taking the... More

Apple (AAPL) Said to Cut iPhone 5 Panel Orders as Demand Wanes

January 14, 2013 6:20 AM EST

Apple (Nasdaq: AAPL) is trading lower Monday morning amid chatter that demand for its iPhone 5 might be, well, light.

According to Japan's Nikkei news source, Apple has halved orders for iPhone 5 panels as demand is said to have dropped off.

Apple was initially expected to order 65 million panels in the current... More