Banc of America Cuts Apple to Neutral from Buy

Discussion in 'MacBytes.com News Discussion' started by MacBytes, Dec 15, 2005.

  1. MacBytes
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    macrumors bot

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  2. Sunrunner
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    macrumors 6502a

    Sunrunner

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    #2
  3. freeny
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    macrumors 68020

    freeny

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    #3
    Its a little shocking how much influence one opinion can have on a stock:eek:

    Im going to go out on a limb and say the stock is actually greatly undervalued.

    Now if I could only convince Reuters to publish this.....
     
  4. IJ Reilly
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    IJ Reilly

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    #4
    Two opinions, actually. Bear Stearns also downgraded on the same day. Note that neither company did so because they are no longer high on Apple's future profits. They are simply saying that the company's immediate prospects don't justify a higher valuation.
     
  5. bousozoku
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    #5
    The holiday rush is almost over. The stock price is way up there. It's no big deal.

    After MacWorld January, we should see quite a response. I'll be interested in whether new, Intel-based machines will actually bring down the stock price.
     

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