Investment bank Morgan Stanley has cut its Apple price target to $180 from $185 and is expecting June quarter results slightly below Wall Street expectations.
New research from investment bank Morgan Stanley says that global App Store growth has been offset by declining sales in China, and has cut its Apple stock price target as a result.
Apple shares moved higher Wednesday after a downgrade from Goldman Sachs and news that its new MacBook Air will begin shipping to customers by the end of next week.