Aspect-based sentiment analysis includes opinion aspect extraction and aspect sentiment classification. Researchers have attempted to discover the relationship between these two sub-tasks and have proposed the joint model for solving aspect-based sentiment analysis. However, they ignore a phenomenon: aspect boundary label and sentiment label of the same word can correct each other. To exploit this phenomenon, we propose a novel deep learning model named the label correction model. Specifically, given an input sentence, our model first predicts the aspect boundary label sequence and sentiment label sequence, then re-predicts the aspect boundary (sentiment) label sequence using the embeddings of the previously predicted sentiment (aspect boundary) label. The goal of the re-prediction operation (can be repeated multiple times) is to use the information of the sentiment (aspect boundary) label to correct the wrong aspect boundary (sentiment) label. Moreover, we explore two ways of using label embeddings: add and gate mechanism. We evaluate our model on three benchmark datasets. Experimental results verify that our model achieves state-of-the-art performance compared with several baselines.