Apple (AAPL) shares are heading higher after Morgan Stanley analyst Kathryn Huberty Tuesday morning upper her rating on the stock to Overweight from Equal Weight, lifting her price target to $180 from $105.
The Morgan Stanley analyst says the September 2009 quarter will be a “key inflection point.” She expects a price cut in the current generation iPhone to drive 50%-100% incremental unit demand: a $50 price cut should drive 50% growth, she says, and a $100 cut, a 100% increase.
Strong Uptrend
APPLE INC (NASDAQ:AAPL)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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