Morgan Stanley sees signs of iPhone demand stabilization in China
Shares of Apple Inc. AAPL, +0.78% rallied 0.7% in morning trade Thursday, bucking the broader weakness in the stock market, after Morgan Stanley analyst Katy Huberty's bullish call, citing early signs of iPhone stabilization in China. Huberty reiterted her overweight rating and $197 stock price target, saying she is now "positively biased" on Apple's fiscal second-quarter ending this month.
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