Morgan Stanley trims its Apple target

|About: Apple Inc. (AAPL)|By:, SA News Editor

Morgan Stanley cuts its Apple (NASDAQ:AAPL) price target from $253 to $236.

Analyst Katy Huberty cites a weak market in China for iPhones due to longer replacement cycles, echoing a trend in the United States.

Huberty has historically leaned bullish on Apple particularly on Services potential.

Previously: Buy Apple on supplier pullback - Morgan Stanley (Nov. 15)

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