October 24, 2020

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Morgan Stanley raises AAPL target to $136 as iPhone 12 'revs the growth engine'

In the wake of Apple’s Oct. 13 event, Morgan Stanley has raised its AAPL price...

In the wake of Apple’s Oct. 13 event, Morgan Stanley has raised its AAPL price target to $136 on the potential that the iPhone 12 and iPhone 12 Pro lineup has to drive product revenue growth into 2021.

Credit: Apple

In a note to investors seen by AppleInsider, Morgan Stanley analyst Katy Huberty writes that she believes Wall Street has “mis-modeled” Apple’s forward growth due to retail shutdowns and the economic impact of the coronavirus health crisis.

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