updated 08:55 am EST, Fri November 4, 2005
Prudential cuts AAPL
Prudential Equity Group today announced that it . The firm reduced AAPL to neutral-weight from overweight, citing the recent stock appreciation, according to MarketWatch. Although Prudential expects a strong first quarter and fiscal 2006, it believes the stock has now fully discounted this reality. "High expectations and still considerable froth add to risk profile, in our view," the research firm said.