NEW YORK (MarketWatch) -- Analysts at Morgan Keegan on Tuesday trimmed their price target for Apple Inc. /quotes/zigman/68270/quotes/nls/aapl AAPL -0.03% shares to $513 from $530 after the brokerage said that recent data points it collected suggest iPad and Mac sales came in a bit lower than expected in December, while it sees a slight uptick in iPhone sales. "As we do every quarter, we are adjusting our EPS estimates for Apple based on various data points that have arisen since the company gave guidance in mid-April. Our December quarter GAAP EPS for Apple is decreased to $10.10 from $10.24. Our fiscal year 2012 GAAP EPS estimate is decreased to $33.32 from $33.76," the firm said.
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Dec. 30, 2011 4:00p
Source: http://feeds.marketwatch.com/~r/marketwatch/marketpulse/~3/bvMxhZvLL2E/story.aspx
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