toggle

AAPL Stock: 117.6 ( -1.03 )

Printed from http://www.macnn.com

Goldman Sachs removes Apple from buy list

updated 04:50 pm EST, Thu February 8, 2007

Goldman Sachs on Apple

Goldman Sachs today removed Apple from its conviction buy list based on fears of "negative speculation" leading up to the company's iPhone launch in June. Analyst David Bailey did, however, reiterate a buy rating and a 12-month price target of $110 on Apple shares, saying the stock should be bought "on dips" during the anticipation period leading up to iPhone's launch, according to MarketWatch. Many questions surround Apple's entry into the cellular handset market, but the introduction of the iPhone has already spurred at least one look-alike competitor from Samsung, signaling that Apple's pending launch has caught the attention of major mobile manufacturers.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

MaxUpgrades 512GB Retina MacBook Pro SSD

Apple's Retina line of MacBook Pro notebooks have been impressive, right from their debut in 2012. Thinner than the previous model, t ...

Lemur BlueDriver

"Oh no, the check engine light is on…again! What one of the hundreds of reasons could it be this time? Probably going to cost a for ...

toggle

Most Commented