Apple Computer "overweight," target price raised - update

12/16/05 - Morgan Stanley

NEW YORK, December 16 (newratings.com) - Analysts at Morgan Stanley maintain their "overweight" rating on Apple Computer Inc (AAPL). The target price has been raised to $90.

In a research note published this morning, the analysts mention that the company is witnessing significant retail growth opportunities in the US. Apple Computer is likely to make announcements relating to iPhone, broad digital content and digital living room focused hardware in the upcoming year, the analysts say.