Morgan Stanley cuts Apple target $5 to $180 (Philip Elmer-DeWitt/Apple 3.0 – Philip Elmer-DeWitt)

Philip Elmer-DeWitt / Apple 3.0 – Philip Elmer-DeWitt
Morgan Stanley cuts Apple target $5 to $180 – Apple remains a near-term bull/bear battleground and we arent pounding the table into earnings, but remain OW as a flight-to-quality/best of breed name in a downturn. — Analyst Katy Huberty From a note to clients that landed on my desktop Wednesday: Apple Product demand/build data points remained solid throughout the …

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