Bears come out of hibernation, maul Apple

By | January 15, 2015

Scalper1 News

Apple (AAPL) stock fell Thursday after Mizuho Securities downgraded the consumer electronics company to neutral from buy, saying investors might have seen “as good as it gets” from Apple for now. Apple stock was down more than 2% in afternoon trading on the stock market today, near 107. Mizuho analyst Abhey Lamba sees iPhone sales decelerating more than normal later this year and says Apple Watch will disappoint. “With the upside to the stock around $130-$140 and downside in the mid-$80s, we think risk-reward is well-balanced,” he said in a note Thursday. Lamba has a price target of 115 on Apple stock. Apple should report solid results for its fiscal first quarter on Jan. 27, and its March-quarter guidance is likely to show continued momentum, Lamba said. Plus, Apple management is expected to boost its dividend and stock buybacks in April. But those expectations are already baked into the stock… Scalper1 News

Scalper1 News