As of Wednesday morning Morgan Stanley's and Oppenheimer's were under water
Most sell-side Apple (AAPL) analysts are conservative in their earnings estimates but bullish in their price targets. According to Thomson/First Call, the Street high target this week is $700 and*the median is a dollar short of $600. (The independent analysts are even more optimistic; the biggest number we've seen is Robert Paul Leitao's $790.)
But with Apple topping $520 in early trading Wednesday, the stock is starting to overtake price targets set less than a month ago, including some from the biggest names on Wall Street.
As of Wednesday morning, analysts whose 12 month price targets were underwater included:
  • Morgan Stanley's Katy Huberty ($515, set 1/25/12)
  • Oppenheimer's*Ittai Kidron ($515, set 1/25/12)




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