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Friday, May 24, 2013 | 5:47 p.m.

Daily Digit: $420 Target For Apple

The Daily Digit is $420. That's the newest Apple price target from Jefferies' equity analyst Peter Misek And he's been chopping it for a while now. Just last summer, Misek targeted $900 for Apple, then he lowered his expectations to $500. Now it's even less. The reasons? Many. Misek, who has a 4 out of 5 star rating on Starmine says Apple is buried in inventory, burdened by slowing sales and, consequently, it will have smaller revenues.
 
 
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