Philip Elmer-DeWitt / Apple 3.0 – Philip Elmer-DeWitt
Why Morgan Stanley (not Katy Huberty) lowered Apple target $10 to $185 – From the note by analyst Erik Woodring to sent to clients Wednesday that landed on my desktop Saturday. High-end consumer spending intentions are starting to deteriorate representing a growing risk to consumer hardware companies As a result, we are cutting estimates and PTs across our consumer hardware coverage and downgrading …
