When a Wall Street heavyweight like Morgan Stanley calls a company's next two years “the most exciting” it can remember, you would expect it to raise its price target, not trim it. Yet that’s where it found itself with Apple Inc. (NASDAQ: AAPL) last week, and the contradiction says a lot about where the tech giant stands today.
In a note following Apple's recent product launch, Morgan Stanley stayed firmly in the bull camp, keeping its Overweight rating and lauding the upcoming roadmap under new CEO John Ternus.
