From TheFly, which snagged Rod Hall’s note:
Goldman Sachs analyst Rod Hall keeps his Neutral rating and $142 price target on Apple shares heading into earnings. The company’s iPhone business should see positive results with upside risk to his December numbers, but retail sales data and Chinese CAICT data suggest slower momentum in the month of December, the analyst tells investors in a research note. Hall adds that while this may be linked to consumers purchasing earlier than normal in the quarter, it may also drive more cautious commentary from Apple looking into the March quarter.
Maintains Neutral rating and $142 target.
My take: Barron’s had this yesterday. See Erik Savitz‘s take. I’ve asked to see the note.
I will say many of the recent upgrades of Apple Price Targets to 200 per share or more have gotten no respect in price action so one shouldn’t believe the analysts are very good at calling the price of the stock in the short term.
I’d say Hall’s note is a G Flat. Short for “Gee…flatus!”