Apple Could Be Catalyst for VR Adoption. Morgan Stanley Boosts Price Target. – Barrons

Morgan Stanley raised its price target on Apple stock, sending the shares higher Tuesday.

Analyst Katy Huberty hiked her price target to $200 from $164 and maintained an Overweight rating on the stock. Huberty sees a major upside over the next year as the tech giant approaches the launch of an augmented reality product.

“In conversations with…

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