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Apple: Morgan Stanley Continues Parade of Estimate Increases

Shares of Apple (AAPL) are up 47 cents, or 0.4%, at $117.45, as the company gets yet another vote of confidence, this morning from Morgan Stanley’s Katy Huberty, who reiterates an Overweight rating, and raises her price target a buck to $124, writing that she’s getting more confident in what she calls an “iPhone super cycle,” helped by Samsung Electronics’s (005930KS) problems with its “Note 7” smartphone.
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