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UPDATE: Morgan Stanley Reiterates Apple at Overweight on Catalysts

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Morgan Stanley maintained Apple (NASDAQ: AAPL) at Overweight and reiterated a $630 price target.

Morgan Stanley commented, "AAPL shares price in negative earnings growth. We view the stock as a free option on Apple innovation with product refreshes (iPhone / iPad), new distribution (NTT Docomo, China Mobile), and expansion into new segments (iTV or iWatch) as catalysts that could change market perception and valuation."

Apple closed at $479.93 on Monday.

Latest Ratings for AAPL

DateFirmActionFromTo
May 2019MaintainsNeutral
May 2019MaintainsMarket PerformMarket Perform
May 2019MaintainsOverweightOverweight

View More Analyst Ratings for AAPL
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Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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StockFirmActionPT
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YUMMaintains105.0
MARMaintains135.0
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