Look whose Apple price targets are underwater
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?