Morgan Stanley Just Issued “Overweight” Rating on Apple (AAPL)

Apple (AAPL) was Reiterated by Morgan Stanley to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 154 from a previous price target of $150 . Morgan Stanley advised their Clients and Investors in a research report released on Feb 21, 2017.

Based on several research reports , Company shares were Reiterated by Goldman on Feb 13, 2017 to “Buy”, Firm has raised the Price Target to $ 150 from a previous price target of $133 .Company shares were Reiterated by Mizuho on Feb 1, 2017 to “Buy”, Firm has raised the Price Target to $ 135 from a previous price target of $130 .Company shares were Reiterated by RBC Capital Mkts on Feb 1, 2017 to “Outperform”, Firm has raised the Price Target to $ 140 from a previous price target of $125 .Shares were Reiterated by Maxim Group on Jan 31, 2017 to “Buy” and Lowered the Price Target to $ 164 from a previous price target of $173 .Shares were Downgraded by Barclays on Jan 24, 2017 to ” Equal Weight” and Lowered the Price Target to $ 117 from a previous price target of $119 .

On the company’s financial health, Apple reported $3.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jan 31, 2017. Analyst had a consensus of $3.22. The company had revenue of $78351.00 million for the quarter, compared to analysts expectations of $77258.90 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.28 EPS.

Several company insiders have filed Insider transactions , on Feb 17, 2017, Craig Federighi (Senior Vice President) sold 70,627 shares at $135.30 per share price. According to the SEC, on Feb 7, 2017, Johny Srouji (Senior Vice President) sold 16,538 shares at $129.96 per share price. On Feb 3, 2017, D Bruce Sewell (SVP, Gen’l Counsel, Secretary) sold 75,000 shares at $128.43 per share price, according to the Form-4 filing with the securities and exchange commission.

Apple opened for trading at $135.1 and hit $135.83 on the upside on Friday, eventually ending the session at $135.72, with a gain of 0.28% or 0.375 points. The heightened volatility saw the trading volume jump to 2,21,98,197 shares. Company has a market cap of $712,060 M.

Apple Inc. (Apple) designs manufactures and markets mobile communication and media devices personal computers and portable digital music players and a variety of related software services peripherals networking solutions and third-party digital content and applications. The Company’s products and services include iPhone iPad Mac iPod Apple TV a portfolio of consumer and professional software applications the iOS and OS X operating systems iCloud and a variety of accessory service and support offerings. The Company also delivers digital content and applications through the iTunes Store App StoreSM iBookstoreSM and Mac App Store. The Company distributes its products worldwide through its retail stores online stores and direct sales force as well as through third-party cellular network carriers wholesalers retailers and value-added resellers. In February 2012 the Company acquired app-search engine Chomp.

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