15.03.2013 16:35 Uhr, Quelle: MacNN

Sterne Agee cuts Apple targets on talk of less iPhones

Sterne Agee analyst Shaw Wu has reduced his expected iPhone shipment numbers and lowered his price target for Apple stock, citing "supplier checks" pointing to smaller iPhone build plans. "We are picking up from our supplier checks build plan reductions for iPhone likely due to an inventory drawdown ahead of refreshes in the 2H," he writes in a new investor memo. The analyst's price target has been slashed from $715 to $630.

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