'Unlikely' China headlines will evolve into something broader - Morgan Stanley on Apple (AAPL)
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Price: $297.01 -0.34%
Rating Summary:
45 Buy, 29 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Rating Summary:
45 Buy, 29 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
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Morgan Stanley analyst Erik Woodring on Apple (NASDAQ: AAPL): "We believe Apple's 2-day -6% stock move suggests the market thinks recent China headlines will evolve into something broader. We believe that's unlikely. In a worst case scenario, we see 4% rev and 3% EPS downside, suggesting the stock move is overdone."
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