Morgan Stanley Maintains Overweight on Apple, Raises Price Target to $216
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Erik Woodring maintains an Overweight rating on Apple (AAPL) and raises the price target from $210 to $216.
May 03, 2024 | 4:58 pm
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Morgan Stanley analyst Erik Woodring maintains an Overweight rating on Apple and raises the price target from $210 to $216.
The increase in price target by a reputable analyst like Erik Woodring from Morgan Stanley suggests a strong bullish sentiment towards Apple's stock. This adjustment reflects positive expectations for the company's future performance and is likely to influence investor confidence positively, potentially leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100