Barclays analyst Tim Long lowered the firm’s price target on Apple to $144 from $156 and keeps an Equal Weight rating on the shares. Apple last night warned on a pro model shipment shortfall due to Foxconn production disruption from COVID, says the analyst, who is also picking up weaker sell through signals in his channel checks. Long thinks the 82M consensus iPhone estimate for the December quarter and 3% revenue growth estimate are now too high. He cut 6M Pro units for his quarter model and shifted 3M to March, assuming some lost shipments will not recover. Long also lowered his December quarter revenues by 5% and now expects a 2% year-over-year decline.