The shares of Apple (NASDAQ: AAPL) have received a $195 price target from Morgan Stanley and analyst Katy Huberty is maintaining an Overweight rating on the company shares.
Huberty adjusted the rating while acknowledging that the claims for the production of one of Apple’s iPhone 14 models could be delayed. Plus there is usually a minimal impact on the full-year shipments or Apple’s stock performance when a model launch is delayed. This indicates that the recent pressure on the stock could represent a buying opportunity.
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Source - database | Page ID - 845
