Analysts cut Apple targets on profit decline, soft outlook

(Reuters) - Apple Inc's first quarterly profit decline in more than a decade and a soft outlook for the current quarter prompted at least five brokerages to slash their price targets on the iPhone maker's shares by up to $180 per share. Apple forecast revenue of $33.5 billion to $35.5 billion this quarter, lagging Wall Street's average expectations of $38.2 billion. Apple shares traded up slightly in after-hours trade at $407.20 after Apple's results, in which it also announced the return of $100 billion in capital to shareholders. ...



via Tech News Headlines - Yahoo! News http://news.yahoo.com/analysts-cut-apple-targets-profit-decline-soft-outlook-093015894--finance.html