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Morgan Stanley ups Apple share price target to $150

Apple Store“Apple Inc.’s share-price estimate was increased 36 percent at Morgan Stanley, which said higher market share, new products and scale advantages will lift earnings,” Juho Erkheikki reports for Bloomberg.

“Analysts including Kathryn Huberty raised their target price for the stock to $150 from $110, the brokerage said in note to clients dated May 30,” Erkheikki reports.

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