Look whose Apple price targets are underwater

April 30, 2013, 2:57 PM UTC
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?