UPDATE: Canaccord Genuity Cuts PT to $750 on Apple on Softer Mix, Sales | SiliconValley.com - Markets

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UPDATE: Canaccord Genuity Cuts PT to $750 on Apple on Softer Mix, Sales

By: Latest Articles from Benzinga.com

Posted on December 17, 2012 at 14:24 PM EST

Canaccord Genuity reiterated its Buy rating on Apple (NASDAQ: AAPL ) but reduced its price target from $800 to $750. Canaccord Genuity said, "While our November channel checks indicated very strong sales of the iPhone 5, we are slightly lowering our F2013 and F2014 iPhone and iPad estimates due

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