Several analysts have reduced their price targets for Apple stock, AppleInsider observes. These include Barclays Capital's Ben Reitzes, who has dropped his target from $575 to $530. Reitzes explains that his team has been considering the move for days, and went ahead with it in spite of meeting with two Apple executives, CFO Peter Oppenheimer and senior VP of worldwide product marketing Phil Schiller. Several topics are said to have been discussed, such as possible uses for the company's $137 billion in cash reserves, and prospects for the iPhone and iPad.
