Morgan Stanley Maintains Overweight on Apple, Lowers Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring maintains an Overweight rating on Apple (AAPL) but lowers the price target from $220 to $210.
April 22, 2024 | 12:24 pm
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Morgan Stanley maintains an Overweight rating on Apple, with a reduced price target from $220 to $210.
The adjustment in price target by a major analyst like Morgan Stanley could lead to mixed investor sentiment. While maintaining an Overweight rating indicates continued confidence in Apple's fundamentals, the reduction in price target might raise concerns about near-term growth prospects or market conditions affecting Apple's valuation. However, given Apple's market position and the modest adjustment, the impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100