Morgan Stanley joins the chorus of Apple price target cuts: 'China smartphone market to blame'

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Morgan Stanley joins the chorus of Apple price target cuts: 'China smartphone market to blame'
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Morgan Stanley slashed its price target on Apple to $236 a share from $253 a share on Friday.

 

I’m always amazed at firms that provide weak forecasts AFTER a stock is battered. The number of analysts who correctly call a downturn on individual stocks in a stable overall market is probably in the single digits.

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