Apple Price Targets Slashed En Masse, Suppliers Plunge As Guidance Cut Bites

Needless to say, Apple's "shock" guidance cut has prompted a wave of price target rethinks across Wall Street as analysts ponder the end of the company's growth run. As noted here just after the news crossed on Wednesday afternoon, Apple has become synonymous with the macro narrative, which means the guide down has the potential to undercut confidence at a broader level in addition to the technical damage incurred by suppliers and the mechanical index-level damage dictated by the company's weig