Salient to Investors:
At least 20 analysts lowered price targets after Apple reported its slowest growth rates in years and said the trend will continue.
Abhey Lamba at Mizuho Securities USA said Apple may more closely resemble a value stock, as growth has slowed much faster than anticipated. Avi Silver at Credit Agricole Securities USA and Mark Moskowitz at JPMorgan Chase said Apple may attract value investors.
Toni Sacconaghi at Sanford C. Bernstein said slowdown was inevitable, given its size.
Michael Walkley at Canaccord Genuity said the timing of new exciting products is key to whether the stock continues to go down, though the meteoric rise may be over.
David Rolfe at Wedgewood Partners sees renewed growth ahead.
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