Even upbeat Apple reports have a negative slant

By | January 19, 2016

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These days, even bullish analyst reports on Apple have a negative angle. S&P Capital IQ on Tuesday reiterated its strong buy rating on Apple (AAPL) stock, but it slashed its price target to 130 from 150. S&P analyst Angelo Zino cited recent supply chain softness for the iPhone. Zino also cut his EPS forecasts for the year based on slowing iPhone sales expectations. Apple stock fell a fraction Tuesday, to 96.66. William Blair analyst Anil Doradla Scalper1 News

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