Morgan Stanley Maintains Overweight on Apple, Lowers Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring has maintained an Overweight rating on Apple (NASDAQ:AAPL) but lowered the price target from $215 to $210.

October 16, 2023 | 12:20 pm
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Apple's price target has been lowered from $215 to $210 by Morgan Stanley, though the Overweight rating is maintained.
The news is directly about Apple and is likely to influence investor sentiment. The lowering of the price target might suggest a slightly less optimistic outlook, but the maintenance of the Overweight rating indicates that the analyst still believes the stock will outperform. This could have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100