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Apple upgraded by Morgan Stanley on expected iPhone boom
Posted by Bob on: 05/26/2009 04:24 PM [ Print | 0 comment(s) ]
Arguing that the market is underestimating demand for iPhones over the next two calendar years, investment bank Morgan Stanley on Tuesday upgraded shares of Apple to Overweight from Equal-weight, saying success of the touchscreen handset should offset any growth risks in the companyamp;#39;s core Mac and iPod businesses.
Apple upgraded by Morgan Stanley on expected iPhone boom
Apple upgraded by Morgan Stanley on expected iPhone boom
