Apple/Sharp contract manufacturer Nam Tai (NTE -3.4%) spikes lower in afternoon trading after...

|About: Nam Tai Property Inc. (NTP)|By:, SA News Editor

Apple/Sharp contract manufacturer Nam Tai (NTE -3.4%) spikes lower in afternoon trading after Topeka significantly cuts its estimates and lowers its PT to $15, citing a lack of upside to production related to the iPhone 5 and Sharp's high-res/low-power IGZO displays. Topeka launched coverage on Nam Tai in February with a Buy and $20 PT.