Apple Inc. [a: aapl] saw its price target increase on Friday at both Canaccord Genuity and Raymond James. Canaccord raised its price target to $140 from $120 and maintained its buy rating. And Raymond James raised Apple’s price target to $139 to $129 with an outperform rating. Analysts at both banks cited strong demand for the iPhone 7, with Canaccord highlighting promotions at U.S. carriers. “We continue to view Apple as recovering from a ‘hangover’ period from its very successful iPhone 6 launch, and should start growing modestly again in the December quarter,” Raymond James said in a note. Apple shares are down 0.4% in Friday premarket trading, but up 9.8% for the year so far. The S&P 500 Index is down 5.1% for the year to date.
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