Apple four-day winning streak snapped

Apple Inc. shares broke their four-day streak of gains Friday, closing down 0.6% while continuing to show an 11% gain on the week.

See also: Apple’s stock records best 4-day stretch in 2 ½ years

Friday’s move came even as analysts continued to raise price targets and earnings estimates, with both Canaccord Genuity and Raymond James publishing upbeat notes about early iPhone 7 demand. Crowds have been lining up for iPhone delivery day, which is also Friday.

See also:The crowd wants this stock correction too badly for it to happen

Canaccord raised Apple’s price target to $140 from $120 and reiterated its buy rating on the stock.

>>> Original Source <<<