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Thursday, 06/23/2016 8:13:02 AM

Thursday, June 23, 2016 8:13:02 AM

Post# of 147183
Apple price target lowered to $120 from $130 at Canaccord
Canaccord lowered its price target on Apple to $120 from $130 to reflect its survey results suggesting lower iPhone average selling price mix as inventory gets cleared ahead of the iPhone 7 launch. The firm expects modest improvements in the upgrade or replacement sales for iPhone 7 versus the 6S. Canaccord reiterated its Buy rating on Apple shares

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