Bernstein Sees 13% Downside In Apple – Read Why (Yahoo! Finance: Company News)

Yahoo! Finance: Company News
Bernstein Sees 13% Downside In Apple – Read Why – Bernstein analyst Toni Sacconaghi notes that while Apple Incs (NASDAQ: AAPL) EPS has been strong over the last eight years, the company has not benefited from operating leverage. The analyst has a Market Perform rating and a price target of $132, implying a 12.6% downside. Share buybacks and a lower …

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