Apple shares fall, price targets rise


Philip Elmer-DeWitt is a senior editor at Fortune.

Talk about a disconnect!



Sixteen Wall Street analysts raised their Apple (aapl) price targets Tuesday, according to AAPLInvestors.net. Meanwhile, the stock opened down $14.49 (4.6%) from Monday's close, despite a quarterly report that showed revenues that up more than 60% year over year.

The stock closed at $309.49, down $8.51 (2.68%) for the day.

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