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Apple (AAPL) PT Cut To $236 At Morgan Stanley On China Weakness

Morgan Stanley analyst, Katy Huberty, reiterated her Overweight rating on shares of Apple (NASDAQ: AAPL) and cut her price target to $236 from $253 after Asia meetings highlight lengthening replacement cycle and churn in China.The analyst stated "Our recent meetings in Asia highlight a weakening China smartphone market, especially at the high-end...

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