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Morgan Stanley Remains Positive on Apple Despite Lower Institutional Ownership

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In a report published Wednesday, Morgan Stanley analyst Katy L. Huberty reiterated an Overweight rating and $630.00 price target on Apple (NASDAQ: AAPL).

In the report, Morgan Stanley noted, “Investors often ask us about the sentiment on AAPL. The qualitative answer is that sentiment is negative as most funds question Apple's ability to grow revenue long-term. The quantitative answer is that AAPL is an anomaly among large cap mobile technology stocks with institutional funds owning a record low percentage of shares.”

Apple closed on Tuesday at $522.06.

Latest Ratings for AAPL

DateFirmActionFromTo
Dec 2019MaintainsOutperform
Dec 2019Initiates Coverage OnBuy
Dec 2019MaintainsOverweight

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

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

 

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