Market Overview

UPDATE: Morgan Stanley Lowers PT on Apple on Strong iPhone Pricing/Margins, Weak Mac Sales

Share:
Related AAPL
4 Tech Stories JP Morgan Is Watching
Brean: Apple Has 'Material' EPS Upside This Quarter
The Zacks Analyst Blog Highlights: Apple, Google, Lenovo Group and PetMed Express - Press Releases (Zacks)

In a report published Tuesday, Morgan Stanley analyst Katy L. Huberty reiterated an Overweight rating on Apple (NASDAQ: AAPL), but lowered the price target from $630.00 to $540.00.

In the report, Morgan Stanley noted, “We increase FY14 EPS by $2.47 to $44 on better iPhone 5c pricing and margins offset partially by weaker Mac sales due to DRAM constraints. Our new interactive model allows investors to test the impact of iPhone user growth, upgrades, mix and margins.”

Apple closed on Monday at $490.64.

Latest Ratings for AAPL

DateFirmActionFromTo
Apr 2015Canaccord GenuityMaintainsBuy
Apr 2015SusquehannaMaintainsPositive
Apr 2015JefferiesMaintainsHold

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Katy L. Huberty Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

Related Articles (AAPL)

Around the Web, We're Loving...