“Morgan Stanley analysts Katy Huberty and Jerry Liu on Monday said a survey of more than 1,000 consumers indicates strong demand for the iPhone 5 and the iPad by Apple Inc.,” Steve Gelsi reports for MarketWatch.
“‘U.S. iPhone purchase intentions beat our forecast,” analysts said. “Stable 50% iPad share also surprised us, despite our modeled drop next year.’ Huberty and Liu reiterated their overweight rating on Apple and said the stock remains on the brokerage’s Best Idea list,” Gelsi reports.
MacDailyNews Note: At Morgan Stanley, an overweight rating means the analyst believes the stock will produce a greater total return (appreciation plus any dividend income) than the average return expected of others covered in its industry over the next 12 to 18 months
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