Apple Computer "overweight"

03/17/06 - Morgan Stanley

NEW YORK, March 17 (newratings.com) - Analysts at Morgan Stanley maintain their "overweight" rating on Apple Computer Inc (AAPL). The target price is set to $90.

In a research note published this morning, the analysts mention that the current weakness in Apple Computer's share price, on account of data related to the company's component supply chain and point-of-sale, is overblown. The February NPD point-of-sale data does not reflect initial robust shipments of Apple Computer's MacBook Pro and/or sell through of the new Mac Mini, Morgan Stanley says.