Apple Inc. shares are up 0.7% in Monday morning trading after Morgan Stanley's Katy Huberty raised her price target on the stock to $247 from $231, writing that the company has a "low risk" of missing expectations with its September outlook. She's generally upbeat about Apple's June-quarter numbers, which the company will report next Tuesday afternoon. "Investor sentiment continues to surprise us as unusually negative, with call volume throughout the quarter at recent lows despite shares bouncing back ~20% from the May bottom," she wrote. She also expects an acceleration in services revenue for the first time since March 2018. Huberty has an overweight rating on the stock, which has gained 30% so far this year, as the Dow Jones Industrial Average has risen 17%.