Apple downgraded at Societe Generale to hold pt $500. Really? Get real!!
Update: Apple downgraded at Societe Generale
As previously reported, Societe Generale downgraded Apple to Hold from Buy. The firm downgraded shares due to valuation and maintains its $500 price target.
Everyone knows that Apple generally runs up into earnings and sells off afterwards. In this case scenario if Cook can deliver, it may not even selloff after reporting. We need a good solid earnings report and haven't had one in awhile. These robust 5S and C sales may just be the ticket!
we all know that analysts are either lying or just plain incompetent. who cares what these guys say? the financial statements will crush the apple haters. so just let all the haters keep the stock price down, they have a big problem coming when earnings are released.