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Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Investors should buy Apple shares on the prospect of improving iPhone sales growth and the potential repatriation of international profits in the coming year, according to Pacific Crest, which reiterated its overweight rating and raised its Apple price target by 7 percent to $129.
"Accelerating growth should drive AAPL higher. ... We continue to recommend buying AAPL," analyst Andy Hargreaves wrote in a note to clients Wednesday.
"We believe current iPhone expectations are reasonable and see the potential for upside to Street profit expectations over the next year from strong app store sales, among other things."