Morgan Keegan cuts its price target for Apple (AAPL) to $513 from $530 following indications...

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

Morgan Keegan cuts its price target for Apple (AAPL) to $513 from $530 following indications that iPad and Mac sales fell short of expectations in December. Morgan Keegan also lowers its GAAP EPS estimate for the latest quarter to $10.10 from $10.24. Shares +1.1% to $409.35 premarket.