Look whose Apple price targets are underwater


Philip Elmer-DeWitt is a senior editor at Fortune.

FORTUNE -- When Apple (aapl) touched $445.25 in early afternoon trading Tuesday, it did more than mark a $60.15 (15.6%) rise from its intraday low of $385.10 seven trading days earlier.

It also put Apple's stock price higher than the 12-month price targets of at least eight Wall Street analysts.

Four of those analysts -- Baird's William Power, BMO's Keith Bachman, Citi's Glen Yeung and Nomura's Stuart Jeffrey -- had lowered their price targets within the last week.

Three of them -- Creative Global Investing's Carlo Besenius, Berenberg's Adnaan Ahmad, and our old friend ACI's Ed Zabitsky -- are still advising clients to borrow Apple shares and sell them short.

How's that working out?



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