Analysts' opinions on stocks in the news Tuesday AAPL reports June-quarter EPS of $1.19, vs. $0.92 (previously stated $0.97), above our $1.11 view. Sales rose 38%, led by 43% growth for core Mac PC products. Gross margin widened quarter-to-quarter to 34.8%, but was narrower than the 36.8% posted a year ago. Further concerning to us was guidance for gross margin of 31.5% for September-quarter and 30% for fiscal year 2009 (September) which, even if understated, indicates a weakening trend. We lower our EPS forecasts to $5.22 from $5.33 for fiscal year 2008, and to $6.00 from $6.60 for fiscal year 2009, and our target price to $140 from $210 for these volatile shares based on our updated p-e analysis. -T. Smith, CFA S&P UPGRADES SHARES OF WACHOVIA TO SELL FROM STRONG SELL (WB; 14.01): After WB's conference call, we believe that...
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