'Unlikely' China headlines will evolve into something broader - Morgan Stanley on Apple (AAPL)

Morgan Stanley analyst Erik Woodring on Apple (NASDAQ: AAPL): "We believe Apple's 2-day -6% stock move suggests the market thinks recent China headlines will evolve into something broader. We believe that's unlikely. In a worst case scenario, we see 4% rev and 3% EPS downside, suggesting the stock move is overdone."

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