News of a worsening recession has led a JP Morgan analyst, Mark Moskowitz, to further reduce estimates for Apple stock. Moskowitz's price target for Apple has been lowered from $102 to $100, and for the 2009 fiscal year, the analyst has cut EPS predictions down from $4.82 to $4.73. In FY10, EPS is expected to be only $5.15 instead of $5.26.
