Morgan Stanley notes that the firm’s estimates for Apple (AAPL) are “moving higher” ahead of what it expects to be a “solid quarter” driven by strength in iPhone, iPad, Mac and favorable foreign exchange rates. Management’s September-end quarter guidance is likely to bracket the firm’s and consensus expectations, but more clarity is needed on tariffs, the upcoming Alphabet (GOOG) (GOOGL) remedy ruling, and AI strategy “before sentiment can materially shift,” adds the analyst, who maintains an Overweight rating and unchanged $235 price target on Apple shares ahead of the company’s fiscal Q3 report due on Thursday, July 31.
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