Morgan Stanley says Apple's stock is 'under owned,' predicts more than 10% upside

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Morgan Stanley says Apple's stock is 'under owned,' predicts more than 10% upside
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Shares of Apple are currently 'under owned' by even the Cupertino-based tech giants top investors, according to one Morgan Stanley analyst.

Shares of Apple are currently "under owned" by even the Cupertino-based tech giants top investors, according to one Morgan Stanley analyst.

"Even the top 100 ... holders of Apple have a position that's less than the S&P 500 weighting," Katy Huberty, managing director and head of North American hardware tech research at Morgan Stanley, told CNBC at the Morgan Stanley APAC Summit on Wednesday.

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