was down 9.3% in early trading after
US Bancorp Piper Jaffray
downgraded it to buy from strong buy, sliced its earnings estimates and cut its price target to $32 from $110.
The brokerage also downgraded
Research in Motion
, another maker of handheld devices, to buy from strong buy. Its price target was cut to $45 from $150. The brokerage cited the slowing economy.
, meanwhile, was up 2.3%. The company unveiled two new computers