Apple (AAPL) PT Raised to $140 at BMO Capital

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Go back to Apple (AAPL) PT Raised to $140 at BMO Capital

Apple (AAPL) PT Raised to $140 at Canaccord Genuity

September 16, 2016 7:34 AM EDT

Canaccord Genuity analyst T. Michael Walkley reiterated a Buy rating and raised estimates and his price target on Apple (NASDAQ: AAPL) to $140.00 (from $120.00) as their survey indicates strong initial iPhone 7 demand.

Walkley commented, " the new iPhone 7 products. Between the aggressive U.S. carrier promotions, favorable premium tier competitive environment due to the Galaxy Note 7 battery issues, and stronger than anticipated initial consumer demand, we believe initial replacement sales for the iPhone 7 are better than our expectations, leading us to slightly increase... More