Monday, September 29, 2008
Apple hit with sharp stock drop following warnings
The worth of Apple stock has fallen significantly, over $20 as of press time, following warnings from two different analysts. Mike Abramsky of RBC Capital has downgraded Apple's rating from "Outperform" to "Sector Perform," with a new stock target of just $140, compared to an earlier value of $200. His FY08 EPS estimate has slid from $5.28 to $5.26, and in FY09, the prediction is now for $5.75 i...
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