Philip Elmer-DeWitt / Apple 3.0 – Philip Elmer-DeWitt
Apple’s revised guidance: What the analysts are saying – Price target cuts across the board, ratings mostly unchanged. Excerpts from the notes weve seen: Rod Hall, Goldman Sachs:Negative Pre-announcement as EM/China demand environment remains weak. Apples guidance cut confirms our negative view on demand in China that we have been flagging since late September. Neutral. Cut price target to$140 …
