Barclays analyst Mark Moskowitz lowered his price target for Apple shares to $157 from $168 on concerns that a “weaker iPhone franchise” could require the company to allocate more cash to acquisitions. The stock closed Friday down 1% to $162.32. The analyst reduced his estimates and price target for the second time in as many months. In contrast to acquisitions, Moskowitz thinks many shareholders are in the stock for capital returns being the main beneficiary of excess cash. As a result, there could be a “sell on the news event” around the May 3 earnings call if capital returns are only in line with expectations, the analyst tells investors in a research note titled “It Might Rain on Buyback Exuberance.” He keeps an Equal Weight rating on Apple into Thursday’s earnings print.