In a note to clients — as reported by “Forbes” (http://blogs.forbes.com/ericsavitz/2010/12/14/apple-off-morgan-stanley-best-ideas-list-after-run-up/?partner=yahootix) — Morgan Stanley analyst Katy Huberty said she removed Apple from her firm’s best idea list, noting that the stock is up 28% over the past six month, twice the gain for the S&P 500 over the same span. However, she keeps an US$375 price target on the shares.
She also sees lots of new goodies from Apple over the next two years. For 2011, she expects a Verizon iPhone, the iPhone 5 in July and lower priced iPads by April. For 2012, she expects Apple to unveiled a “smart “TV, a redesigned iPad and and LTE iPhone.
