Morgan Stanley Maintains Overweight on Apple, Raises Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring has maintained an Overweight rating on Apple Inc. (AAPL) and increased the price target from $210 to $220.
December 08, 2023 | 1:01 pm
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Morgan Stanley analyst Erik Woodring reaffirmed an Overweight rating on Apple and raised the price target to $220, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst from Morgan Stanley suggests a strong conviction in Apple's future performance. This typically instills confidence in investors and can lead to a short-term increase in the stock price as market participants react to the positive outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100