Apple Computer "overweight," target price raised
11/11/05 - Morgan Stanley
NEW YORK, November 11 (newratings.com) - Analysts at Morgan Stanley maintain their "overweight" rating on Apple Computer Inc (AAPL). The target price has been raised from $60 to $70.
In a research note published this morning, the analysts mention that the company is likely to post healthy Q4 results, driven by its new iPods, an expanded installation base for the iPod, CPU refreshes and digital content extensions. Apple Computer has the potential to post higher-than-expected margins over time, benefiting from the expansion of its consumer product portfolio and potential improvements in professional CPU growth, Morgan Stanley adds.
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