Morgan Stanley bumps Apple stock price target to $315

The new price target reflects a higher revenue forecast, despite a recent spike in memory costs. Here are the details.

3% up, but still rated as Overweight

As reported by Investing.com, Morgan Stanley has bumped its price target for Apple’s stock by 3%, despite keeping its Overweight rating:

Morgan Stanley raised its price target on Apple to $315.00 from $305.00 on Wednesday, while maintaining an Overweight rating on the stock. (…) The 3% increase in the price target…