http://www.macnn.com/articles/02/06/19/more.analysts/
More analysts cut estimates on AAPL
updated 06:15 pm EDT, Wed June 19, 2002
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First Albany analysts today cut second-quarter and full-year estimates for Apple but noted the limited downside on Apple's stock: "Given where the shares were trading after hours, we believe the stock is washed out and think there is minimal downside risk given the company's strong balance sheet." CBSMarketWatch notes that both Merrill Lynch (as noted earlier today) and A.G. Edwards also cut their ratings on Apple and that Credit Suisse First Boston lowered its third-quarter estimates because "there was concern that Apple could be hampered by a slumping educational market."
Fresh-Faced Recruit
Joined: Jul 2001
whaaaat?
apple misses earnings by one or two pennies and these guys decide to downgrade? F*@# that.