Bank Of America Aapl Upgrade Sees Stock Rise In Pre Market
AAPL stock has risen more than 3% in early market trading after Bank of America issued an investor’s note describing the current low price as an ‘opportunity’ for investors. The bank switched its rating from ‘neutral’ to ‘buy’ – and significantly raised its target price … CNBC reports that Bank of America believes that the current stock price is based on assumptions which are too pessimistic. In other words, the market as a whole thinks declining Apple hardware sales are the new normal....