More on Apple: In addition to Piper, Morgan Stanley and Topeka are also defending the company...

|About: Apple Inc. (AAPL)|By:, SA News Editor

More on Apple: In addition to Piper, Morgan Stanley and Topeka are also defending the company ahead of its July 24 FQ3 report. The former calls Apple a top 2H pick in spite of expected iPhone sales weakness ahead of a refresh, and thinks iPhone margins will continue rising thanks to lower component costs. The latter, which maintains a $1,111 PT, estimates FQ3 iPhone sales were a relatively healthy 30.9M. (previous: I, II)