M1

M1: Morgan Stanley maintains O/w and believe the share price will rise relative to the country index over the next 60 days. Recent iPhone 4S price increases are a positive step and should help support revenue and EBITDA growth for the industry. Recent NBN take-up has accelerated, and M1 is poised to benefit from increasing broadband market share, given its low current base. The stock offers solid defense amidst volatile markets.