• Home
  • News
  • Bank of America Upgrades AAPL to ‘Buy’ – Says Low Price ‘Presents Opportunity’ for Investors

Bank of America Upgrades AAPL to ‘Buy’ – Says Low Price ‘Presents Opportunity’ for Investors

Bank of America Upgrades AAPL to ‘Buy’ – Says Low Price ‘Presents Opportunity’ for Investors

Bank of America has upgraded its recommendation on Apple (AAPL) shares from “neutral” to “buy.” BofA says the stocks current low price “presents opportunity” for investors, as there are multiple possibilities for growth from healthcare and services.


February’s rebound of Apple’s shares in February following the stock market’s pessimism after the first quarter results is seeming to continue, based on an investor note from Bank of America. The drop in share price has made the Bank of America’s Wamsi Mohan optimistic about the company, with the low cost per share making it an attractive purchase. 

In addition to Bank of America’s change in status to “buy,” it also has set a new price target of $180.

“AAPL stock is down 26 percent from its peak and up 9 percent year-to-date,” writes Mohan. “Our scenario analysis suggests that shares are discounting a ‘declining hardware’ scenario and the debate hinges on the lead time trajectory.”

Mohan suggests “weakness in hardware is not entirely structural,” with the new price target based on “flat” hardware sales and “somewhat slower than historical growth in Services.”

  1. dark0de url says:

    717023 24231I feel this internet website has extremely superb composed topic material articles . 863568

  2. 923053 657620I really appreciate your piece of function, Excellent post. 947080

  3. mushrooms says:

    368557 269908yourselfm as burning with excitement along accumulative concentrating. alter ego was rather apocalyptic by the mated ethical self went up to. Its punk up to closed ego dispirited. All respecting those topics are movables her really should discover no end touching unpronounced. Thanks so significantly! 303715

  4. 993655 700778That being said by use it all, planet is actually restored slightly much more. This situation in addition will this certain Skin tightening and starting to be moved and into the mood of these producing activities. everyday deal livingsocial discount baltimore washington 495255

  5. 361604 50266I used to be recommended this internet site by my cousin. Im no longer positive whether this put up is written via him as nobody else know such exact approximately my problem. You are amazing! Thank you! 384722

  6. 508469 246292Satisfying posting. It would appear that plenty of the stages are depending upon the originality aspect. Its a funny thing about life if you refuse to accept anything but the best, you really often get it. by W. Somerset Maugham.. 285322

  7. 블랙툰 says:

    45996 214073I believe this web site has some rattling great info for every person : D. 209680

  8. 380876 601084I like this post quite a lot. I will undoubtedly be back. Hope that I can go via a lot more insightful posts then. Will likely be sharing your wisdom with all of my pals! 227744

Leave a Reply

Your email address will not be published.