Apple’s stock climbs to 7th straight gain after analyst boosts price target

Shares of Apple Inc. rose to a seventh straight gain Monday, after Morgan Stanley boosted its price target on the belief that bad news for this year could be great news for next year.

The stock

AAPL, +0.35%

 rose as much as 1.2% in intraday trade before paring gains to close up 52 cents, or 0.3%, at $149.56 The current win streak is now the longest such stretch since the seven-day streak ended Oct. 12, 2016.

The stock’s percentage gain was the fifth-biggest among the Dow Jones Industrial Average’s components, while the price gain added about points to the price of the Dow

DJIA, -0.04%

which fell 8 points. See Market Snapshot.

Analyst Katy Huberty at Morgan Stanley raised her stock price target to $182, which is 22% above current levels, and 12% above the average price target — $162.12 — of the 44 analysts…

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