AAPL downgraded at Goldman Sachs

December 15, 2008, 3:36 pm

Apple: S&P Upgrades To Strong Buy On Valuation

Standard & Poor’s analyst Tom Smith today raised his rating on Apple (AAPL) to Strong Buy from Buy on a valuation basis, but cut his price target to $127, from $137 and trimmed estimates.

Smith cut his estimates today to reflect weaker technology spending trends: for the September 2009 fiscal year, he goes to $5.50, from $5.70, and for FY 2010 he goes to $6.75, from $7.30. But he asserts that “while most peers also face weak demand, we believe AAPL has better potential for market-share gains in PCs and smart phones.” He also notes that the company has over $24 billion in cash and investments and zero debt.


http://blogs.barrons.com/techtraderdaily/?s=aapl&x=10&y=6
 
Goldman Sachs carries little weight anymore. Come January 20 they are out of the game. The investing community is all but leery about their hidden agendas and their associated ties throughout the years with high ranking politicians.

They dont have the pull they once had. They lost my confidence and my business!
 
Quote from aresky:

December 15, 2008, 3:36 pm

Apple: S&P Upgrades To Strong Buy On Valuation

Standard & Poor’s analyst Tom Smith today raised his rating on Apple (AAPL) to Strong Buy from Buy on a valuation basis, but cut his price target to $127, from $137 and trimmed estimates.

Smith cut his estimates today to reflect weaker technology spending trends: for the September 2009 fiscal year, he goes to $5.50, from $5.70, and for FY 2010 he goes to $6.75, from $7.30. But he asserts that “while most peers also face weak demand, we believe AAPL has better potential for market-share gains in PCs and smart phones.” He also notes that the company has over $24 billion in cash and investments and zero debt.


http://blogs.barrons.com/techtraderdaily/?s=aapl&x=10&y=6
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ah yes,s+p,moodys etc...the same guys that would rate a cds structuredby a cow as AAA.Those clowns...that rated junk as AAA and basically set up the entire derivative implosion.
 
Quote from dsq:

ah yes,s+p,moodys etc...the same guys that would rate a cds structuredby a cow as AAA.Those clowns...that rated junk as AAA and basically set up the entire derivative implosion.
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Ratings and Equity Research are different services.

Anyway Sanford Bernstein (SAcconaghi) is more reliable than Goldman about AAPL
 
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