In its latest report, Morgan Stanley said the historic surge in Apple’s share price should continue until all the company’s businesses are fairly valued. Apple Rose 8.5% in four trading days last week, becoming the first U.S. company with a market capitalization of $2 trillion. Morgan Stanley said Apple was still undervalued relative to its peers in terms of free cash flow. < p > < p > Morgan Stanley maintained Apple’s overweight rating and raised its target share price from $431 to $520, the highest target price among Wall Street investment banks. Morgan Stanley said there was more room for Apple’s share price to rise. < p > < p > analyst Katy Huberty said Apple was “a bargain at a discount relative to its technology platform and strong consumer brands.”. Despite the decline in iPhone revenue, Apple has seen revenue, profit and free cash flow growth in the past four quarters, highlighting “Apple’s broad product and service ecosystem.”. Spontaneous combustion at a Guangzhou Motor vehicle intersection and other traffic lights in Shenzhen

By ibmwl