Morgan Stanley: Buy Apple stock on the coronavirus pullback

Morgan Stanley advises investors to buy Apple stock on the recent coronavirus pullback. “We view the near-term impact as more of a timing issue rather than outright supply/demand destruction, and see strong services and wearables growth and the upcoming 5G iPhone launch as catalysts to re-rate shares toward our $368 price target,” Morgan Stanley analyst Katy Huberty writes in a note to clients.
Eric J. Savitz for Barron’s:While Apple stock has roughly doubled since the end of 2