“After losing $26 billion of its market capitalization in one day, Apple investors may finally have a chance to scoop up fresh shares of the tech giant ahead of its big product event next week,” Jennifer Booton reports for MarketWatch.
“The Cupertino iPhone maker’s 4.4% dip on Wednesday signals a buying opportunity, Seeking Alpha contributor Bret Jensen said in a post early Thursday. The stock had its worst one-day decline in seven months after Samsung unveiled a 5.7-inch Note 4,” Booton reports. “Analysts from Cantor Fitzgerald were also bullish on Apple saying in a note to clients Thursday that the Samsung event was ‘rushed’ and ‘underwhelming.'”
Booton reports, “Cantor upped its price target on Apple to $123 and maintained its buy rating.”
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