Matthew Waterman
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Matthew Waterman in Brand Power,

Morgan Stanley Upgrades Verizon, T-Mobile

Katy Huberty, and analyst with Morgan Stanley says that mobile network providers Verizon and T-Mobile stand to benefit from the launch of Apple's latest Iphone 6. She also raised her price target on Apple to $162. Although AT&T has the largest number of existing Apple owners on their network, she feels that the two smaller companies are likely to gain more sales, and therefore gain more overall. 

Verizon closed up 14 cents to $44.30. T-Mobile closed up 92 cents at $40.53, up by 2.3%.  AT&T closed up 16 cents at $33.29, and Apple was down slightly at $111.58