Morgan Stanley Sees Service Opportunities For Apple

In a report published Tuesday, Morgan Stanley analyst Katy L. Huberty reiterated an Overweight rating and $690.00 price target on Apple AAPL. In the report, Morgan Stanley noted, “The developer conference keynote focused on software and tighter integration with 3rd-party apps. While no new hardware was announced, we see services revenue upside from iCloud, Health and smart home-related apps and view developer access to Touch ID as a step in the direction of mobile payments.” Apple closed on Monday at $628.65.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorReiterationAnalyst RatingsKaty L. HubertyMorgan Stanley
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!