Morgan Stanley Reiterates Overweight on Apple

Morgan Stanley reiterated its Overweight rating on Apple AAPL. At the moment, Morgan Stanley has a price target of $428 placed on the company's stock. On Friday, Apple lost 1.47% of its value to finish the day at $326.35. Its shares rebounded in today's pre-market trading, however, rising 0.69% to $328.60.