According to Fortune -- It could have been worse for Apple. In
a flurry of notes issued Tuesday, Goldman Sachs' Bill Shope lowered his
forecast for the entire PC industry and downgraded Hewlett-Packard from Neutral
to Sell.
Apple got a mixed review. Although Shope removed the company
from Goldman's coveted "conviction list" and lowered his price target
to $575 from $660, he still rates the stock a Buy, describing the company's
current valuation as "remarkably depressed."
"Even with the investor concerns that have mounted as
of late," he writes, "we believe most agree that the company has
brighter secular prospects than typical value tech names" such as Intel,
Microsoft and Oracle….
No comments:
Post a Comment