Morgan Stanley Reiterates Overweight Rating, $630 PT on Apple on Higher Cash Yield
Posted on February 13, 2013 at 12:36 PM EST
In a report published Wednesday, Morgan Stanley reiterated its Overweight rating and $630.00 price target on Apple (NASDAQ: AAPL ). Morgan Stanley noted, “Higher cash return could be a positive catalyst. IT Hardware stocks with higher cash return historically outperformed peers. To match the average FCF payout of the S&P