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Morgan Stanley Reiterates Overweight on Apple (AAPL)

June 22, 2018 8:26 AM EDT

Morgan Stanley reiterated an Overweight rating and $214.00 price target on Apple (NASDAQ: AAPL). Despite missing iPhone shipment expectations this cycle, Morgan Stanley forecasts 13% Y/Y iPhone revenue growth in FY18 on the back of strong ASP uplift, which will more than offset a... More