UPDATE: JP Morgan Lowers PT on Apple to $725
January 17, 2013 at 13:47 PM EST
JP Morgan published a research report on Apple (NASDAQ: AAPL ) and lowered its price target from $770 to $725 with a maintained Overweight rating. In the report, JP Morgan wrote, "We are trimming our near-term estimates for Apple due to lighter sell-in activity for the iPad in Dec-Q.
