AAPL Stock: 118.01 ( -0.02 )

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Credit Suisse lowers AAPL target, 'stop loss' figure

updated 11:20 am EDT, Tue September 30, 2008

Credit Suiise lowers AAPL

Analyst Steven Soranno of Credit Suisse has joined other firms in devaluing Apple stock, reports say. Soranno comments that while Apple has a solid base with good products, the company cannot help but be affected by the overall economy, which is plagued by failing banks and limited credit. In spite of Credit posting a $200 target last month, Soranno says he is now lowering this figure to $160, though the stock is still qualified as a "buy" for investors.

The stock's "stop loss" limit has also been lowered considerably, from $130 to $82. Although the real value of the stock approached $200 as recently as May of this year, it is now sitting at approximately $110 as of press time. This in fact represents a slight rise over Monday's figures, which saw a sharp drop on the heels of warnings from RBC Capital and Morgan Stanley. Piper Jaffray challenged these views, insisting that they ignore the long term.

by MacNN Staff




  1. bobolicious

    Joined: Dec 1969


    Waiting on new hardware..

    ...especially the rumoured quad macbook pro options- this upgrade round & the paradigm pc-mac shift may be a good reason for many to spend apple dollars in a core duo 3 year cycle and may surprise the analysts...

  1. slapppy

    Joined: Dec 1969



    But not Microsoft right?

  1. OtisWild

    Joined: Dec 1969


    Panic sales

    It could very well be that large funds may be selling everything in order to fund redemptions or come up with $$$ to pay off called debts.. Deflation looks a bit like this..

  1. ibugv4

    Joined: Dec 1969


    of course not microsoft

    MS has long standing contracts that will be bringing revenue in for some time. They could totally lose the home market and still have a higher stock price than apple.

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