Morgan Stanley raises AAPL target to $136 as iPhone 12 'revs the growth engine'

In the wake of Apple's Oct. 13 event, Morgan Stanley has raised its AAPL price target to $136 on the potential that the iPhone 12 and iPhone 12 Pro lineup has to drive product revenue growth into 2021. Credit: Apple In a note to investors seen by AppleInsider, Morgan Stanley analyst Katy Huberty writes that she believes Wall Street has "mis-modeled" Apple's forward growth due to retail shutdowns and the economic impact of the coronavirus health crisis.