There’s always a danger when dealing with rumour that far-fetched tales begin to sprout their own wings; but when a leading analyst’s firm has two separate analysts referring to the same rumour in different reports, then you know the heat’s turning up.
The analysts at UBS clearly think the Apple tablet rumour has legs. UBS analyst Phillip Huang today downgraded RIMM stock to Neutral from buy and cut his target price, albeit by just two dollars.
Over at the next desk, analyst Maynard Um today issued a short term buy rating on Apple stock
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