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Apple: Long Wait Times for iPhone 7 Encouraging, Say Citi, BTIG

The Street’s checking in on Apple’s (AAPL) iPhone 7 today, two weeks after the device went on sale broadly at retail. Citigroup’s Jim Suva reiterates a Buy rating on Apple shares, and raises his price target to $130 from $120, after raising his iPhone unit shipment estimate for the December-ending fiscal Q1 to 79.4 million from 73 million, boosting his financial estimate for the quarter to $74.
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