Morgan Stanley reiterates Overweight on Apollo Group, Raises PT to $56

Morgan Stanley reiterated its Overweight rating on Apollo Group (NASDAQ: APOL). At the same time, the rating agency raised its price target on the company's stock from $54 to $56. On Thursday, Apollo closed the day at $43.68. Its shares added 4.65% to its value in today's pre-market trading to stand around $45.71.