UPDATE: Morgan Stanley Lowers PT on Apple on Strong iPhone Pricing/Margins, Weak Mac Sales
September 24, 2013 at 12:44 PM EDT
In a report published Tuesday, Morgan Stanley analyst Katy L. Huberty reiterated an Overweight rating on Apple (NASDAQ: AAPL ), but lowered the price target from $630.00 to $540.00. In the report, Morgan Stanley noted, “We increase FY14 EPS by $2.47 to $44 on better iPhone 5c pricing and margins
