Morgan Stanley Cuts Price Target on Apple Stock

Apple (AAPL) stock forecast took a hit as Morgan Stanley (MS) cut its price target. Analyst Erik Woodring of Morgan ...
So welcome to day two of the TMT Conference. My name is Erik Woodring. I lead the hardware coverage here at Morgan Stanley. Before I get into our speaker, let me just read this disclosure.
The financial services firm also reduced its price target for Apple from $275 to $252 while maintaining an Overweight rating.