updated 12:30 pm EST, Fri December 16, 2005
AAPL target at $90
Following downgrades by two analysts earlier this week, Morgan Stanely maintained its "overweight" rating on Apple, but for Apple stock to $90, based on the growth potential of its retail segment and upcoming announcements at Macworld. According to NewRatings.com: "In a research note published this morning, the analysts mention that the company is witnessing significant retail growth opportunities in the US. Apple is likely to make announcements relating to iPhone, broad digital content and digital living room focused hardware in the upcoming year, the analysts say."