Needham & Company Trims PT on Apple (AAPL) But Still Sees 57% Upside

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Cash Deployment, Cheap iPhones and Expanded Services are 3 Keys for Apple (AAPL) - Morgan Stanley

February 22, 2013 10:09 AM EST

On Thursday, activist investor David Einhorn hosted a 1-hour conference call discussing his 'iPrefs' ideas as the best way for Apple (Nasdaq: AAPL) to unlock shareholder value. Meanwhile, analysts at Morgan Stanley went straight to one of the primary decision makers - CFO Peter Oppenheimer.

Following a meeting with Mr. Oppenheimer, analyst Katy L. Huberty is convinced that Apple will: (1) increase cash return to shareholders, (2) expand carriers, distribution,
and possibly price points to drive iPhone growth, and (3) improve and expand its services offerings.

"Our analysis suggests... More