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Jim Cramer's Thoughts on Apple After Bernstein and Morgan Stanley's Notes

We've got two dueling notes from Bernstein's Toni Sacconaghi and Morgan Stanley's Katy Huberty on Apple Monday, July 22. Huberty came out as bullish, raising Apple's price target to $247 from $231. She wrote, "we believe the June quarter will mark the first quarter since March 2018 where Services revenue growth accelerates..." Meanwhile, Sacconaghi wrote that Bernstein's expectations for Apple's Services revenue actually fall slightly below the Street's expectations. Jim Cramer weighed in with his thoughts about the notes. Here's the first thing that investors should do when two analysts have different opinions on a company. "Your first piece of homework would be to check the track record. Katy Huberty's track record is very superior to Toni's. Now, Toni has always been, we could say...I've liked it the whole way. He's kept you out of it and she's kept you in it, but she hasn't distinguished herself this go around and that when the stock was down a lot, I thought she was tepid and now the stocks moved up a lot and she's not tepid and I've been a big fan of her stuff," said Cramer. Related. Jim Cramer Reveals Which Stocks He Would Buy Right Now and Why
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