SG Cowen’s analysts today downgraded shares of Apple Computer (AAPL to “neutral” from “positive.” The firm in a research note today said that it has become “more cautious” on shares of Apple in the near-term.
“Apple Computer is going through a more fruitful period, but it’s not immune from macroeconomic storms, argued SG Cowen in downgrading the shares to neutral. ‘The consumer purchase picture is a little more cautious, for all the reasons you’d expect,’ noted the analyst,” Igor Greenwald reports for SmartMoney.
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“Apple Computer is going through a more fruitful period, but it’s not immune from macroeconomic storms, argued SG Cowen in downgrading the shares to neutral. ‘The consumer purchase picture is a little more cautious, for all the reasons you’d expect,’ noted the analyst,” Igor Greenwald reports for SmartMoney.
Full article here.
Related articles:
Piper expects Apple to sell 5 million iPod nano units in holiday quarter – October 07, 2005
First Albany raises Apple stock price target to $60 on Mac share gains, iPod nano strength – October 06, 2005
UBS: Mac momentum continues building, Apple could sell 10 million iPods in holiday quarter – October 03, 2005
Citigroup raises Apple Computer share price target, expects 10 million iPod nanos sold in 2005 – September 26, 2005
UBS raises target price on Apple Computer, says iPod nano could be ‘key product’ into 2006 – September 26, 2005
Apple Computer shares hit all-time high, top $54 in early trading – September 26, 2005
Bear Stearns: ‘We see Apple making further PC share gains,’ raises price target to $58 – September 23, 2005
CSFB: Apple Computer is top pick in PC hardware sector – September 22, 2005
Banc of America reiterates ‘buy’ rating on Apple, raises target price and EPS estimates – September 22, 2005
Deutsche Bank predicts Apple will sell 43 million iPods in 2006 – September 21, 2005
Apple shares up strongly, hit new all-time high on report of better than expected Mac sales – September 20, 2005
Morgan Stanley sets price target of $60 for Apple, AC Research reiterates ‘accumulate’ rating – September 09, 2005
Apple Computer shares hit all-time high, top $50 in early trading; analysts up target prices – September 08, 2005
Apple continues to grow worldwide Macintosh market share – July 25, 2005
Gartner: Apple grows shipments 31 percent in Q2 2005, moves from 5th to 4th in U.S. market share – July 18, 2005
IDC: Apple gains U.S. market share at double overall market rate, up to 4.5 percent for Q2 2005 – July 18, 2005
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