Wednesday, October 1, 2008
Citigroup, Goldman Sachs conflict on Apple stock
New analysis of Apple's difficult financial situation has yielded two significantly different views. Richard Gardner of Citigroup has cut his price target for Apple stock by more than $100, down to $170 from $287. Blame is laid on a 3 percent decline in industry computer sales, and a 12 percent drop in music revenue throughout 2008. Apple's guidance, normally thought by analysts to be too conse...
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