Seeking Alpha

Apple (AAPL) is reiterated a Buy at BAML, but with a lower price target - now $780, from $840....

Apple (AAPL) is reiterated a Buy at BAML, but with a lower price target - now $780, from $840. The analysts lower their expected 2013 EPS to $52.45 from $54.30, 2014 to $62.50 from $64. Shares +1.2% premarket.
Comments (6)
  • Pretty "bold" call by BAML. Are you kidding me? Apple has been a "Buy" for years.

     

    Gutsy call by their analysts.
    19 Nov 2012, 08:11 AM Reply Like
  • Maybe this will provide relief to Apple to have the pressure off a bit from the analysts. Too much emotional obsessing about this great company.
    19 Nov 2012, 08:42 AM Reply Like
  • Hitting the reset button as BAML is doing is a bottom sign. Let's see more
    19 Nov 2012, 08:54 AM Reply Like
  • Everything I see points to Apple having great sales for the next several months. And it will contine to generate gobs of cash for the foreseeable future. When the sun sets its all about cash and no company is generating cash better than Apple.

     

    For a growth company that can still pay a decent dividend it PEG ratio is way to low.
    19 Nov 2012, 09:00 AM Reply Like
  • Healthy for analysts to reduce excessive projections. That's what got us into trouble in the first place. Apple will continue to grow and beat its OWN guidance.
    19 Nov 2012, 09:32 AM Reply Like
  • Analysts who predict now on aapl performance, at its current price are someone who will be credible for years to come . As a company with huge cash no debt blah blah blah .
    Selling pressure has been arguably so called tax. $200 drop whoopsie that's some trading secret
    19 Nov 2012, 09:39 AM Reply Like
DJIA (DIA) S&P 500 (SPY)