“On Sunday, Baird Equity’s William Power lowered his Apple (AAPL) price target for the second time in four days,” Philip Elmer-DeWitt reports for Fortune. “That got me wondering how often he changes his mind about the company.”
“The answer, it turns out, is a lot: by my count, seven times in the past 12 months,” P.E.D. reports. “Power not the only analyst whose forward-looking price targets have become trailing indicators, but if there’s another Apple analyst with less courage of his convictions, I haven’t found him.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “David E.” for the heads up.]