toggle

AAPL Stock: 97.19 ( + 2.47 )

Printed from http://www.macnn.com

Citigroup cuts AAPL price target to $82

updated 09:30 am EST, Thu January 19, 2006

Citigroup cuts AAPL target

Citigroup cut its price target on Apple from $85 to $82, after the company offered a conservative outlook for the second quarter and despite record first-quarter results. Shares of Apple were down since Wednesday's marketclose, when Apple reported its earnings. According to NewRatings.com, the broker said Apple's revenue guidance of $4.4 billion was well below its estimate of $5.1 billion, but "chalked a significant portion of the gap to conservatism." The firm said that Apple's stock would represent a buying opportunity if the stock dipped below $70, but that the firm sees no near-term positive or negative catalysts, according to the report.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Comments are closed.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs, a ...

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Patriot Aero Wireless Mobile Drive

Regardless of how large a tablet you buy, you always want more space. There's always one more movie or another album you'd cram on, ...

toggle

Most Commented