Why Jefferies, Morgan Stanley raised Apple stock price targets

Core Viewpoint - Apple received positive feedback from Wall Street as brokerages Jefferies and Morgan Stanley raised their price targets, citing strong iPhone demand, pricing power, and indications of accelerating growth [1] Group 1 - Jefferies and Morgan Stanley have increased their price targets for Apple, reflecting confidence in the company's performance [1] - The analysts highlighted resilient demand for iPhones, suggesting that consumer interest remains strong [1] - There are signs of pricing power for Apple, indicating the company's ability to maintain or increase prices without losing customers [1]