Apple set to challenge Amazon and Google with big move

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Gap Inc (NYSE:GPS) was raised to Equal Weight from Underweight with an unchanged price target of $12 per share by Morgan Stanley analysts on Wednesday.

In a note focused on retail stocks, the analysts told investors the firm is upgrading the specialty retail & department store sub-sectors to In-Line.

Apple Inc. is working on a slate of devices aimed at challenging Amazon.com Inc. and Google in the smart-home market, including new displays and a faster TV set-top box, after relaunching its larger HomePod speaker.

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