New Ratings: ‘Apple Computer overweight’

A report on New Ratings today reports that analysts at Morgan Stanley published a research note today maintaining an “overweight” rating on Apple with a price target of US$90. “The analysts mention that the current weakness in Apple Computer’s share price, on account of data related to the company’s component supply chain and point-of-sale, is overblown,” notes the report. It does mention, however, that “the February NPD point-of-sale data does not reflect initial robust shipments of Apple Computer’s MacBook Pro and/or sell through of the new Mac Mini.”