Pac Crest joins the rush, cutting Apple (AAPL) to Sector Perform with fair value of $440-$550,...

|About: Apple Inc. (AAPL)|By:, SA News Editor

Pac Crest joins the rush, cutting Apple (AAPL) to Sector Perform with fair value of $440-$550, noting high-end market saturation and waning demand for incremental hardware innovation. Piper's Gene Munster holds the line, reiterating his Buy and a $875 target. Shares +1.4% premarket.