Apple Watch demand underestimated, Morgan Stanley says

By | November 20, 2014

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Apple (AAPL) stock climbed on Thursday after receiving another round of price target increases from Wall Street analysts. Piper Jaffray, Evercore and Morgan Stanley hiked their Apple targets to 135, 135 and 126, respectively. Jefferies and Oppenheimer raised their targets earlier this week. Apple stock was up 1.7%, near 116.50, in afternoon trading on the stock market today. Apple hit an all-time, split-adjusted high of 117.28 on Monday. Piper Jaffray analyst Gene Munster reported improved availability of the iPhone 6 and iPhone 6 Plus at Apple stores. Based on his checks, 58% of iPhone 6 series handsets were available for in-store pickup as of Nov. 14. That compares with 6% on Oct. 17, he said in a note Thursday. A report by BMO Capital Markets on Tuesday noted an improved supply of iPhone 6 handsets in Apple’s own stores, but not so at its wireless carrier partners. Morgan Stanley analyst… Scalper1 News

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