“Like a flock of birds moving as a group, analysts continue to cut their price targets for Apple (AAPL) stock,” Patrick Seitz reports for Investor’s Business Daily.
“On Thursday, Susquehanna analyst Chris Caso cut his price target on Apple to 440 from 480,” Seitz reports. “The Susquehanna report was the third price target reduction for Apple this week. Jefferies cut its target to 405 on Monday and Oppenheimer cut its target to 460.”
Seitz reports, “Apple continues to be mired in negative sentiment based on concerns about slowing sales growth and declining profitability. The median price target for analysts covering Apple, however, is 535, according to Thomson Reuters.”
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