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Apple Inc. (AAPL) Sank To An 11-Month Low

Nomura maintained its "Neutral" rating on shares of Apple Inc. (AAPL) Tuesday morning, but reduced its price target on the stock to $530 from $660.

Apple gapped open lower Tuesday and declined during the first 2 hours of trade, before settling into a range. The stock ended the day lower by 15.83 at $485.92. Apple dropped below over a 2-month range and set an 11-month low.

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