Apple Inc Given $515 Price Target at Morgan Stanley, Qualcomm Has Chip Upside

Apple Inc. (NASDAQ:AAPL): Apple price target raised to $515 from $480 at Morgan Stanley.

QUALCOMM Incorporated(NASDAQ:QCOM): Morgan Stanley believes Apple (NASDAQ:AAPL) iPhone units will result in chip upside in Qualcomm’s (NASDAQ:QCOM) December quarter results. Shares are Overweight rated.

Nuance Communications, Inc.(NASDAQ:NUAN): Brigantine believes iPhone shipment numbers from Apple last night will lift shares of Nuance, but admits it is uncertain about the terms of Nuance’s iPhone contract. The firm has a Buy rating on the stock with a $29 price target.

CA Technologies(NASDAQ:CA): Needham raised its price target for CA Technologies following the company’s buyback and dividend expansion. The firm maintains a Buy rating on the stock.

OSI Systems, Inc.(NASDAQ:OSIS): After OSI Systems reported stronger than expected Q2 results, Roth Capital believes that the company’s business momentum is strong, and the firm maintains a $70 target and Buy rating.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com