Here’s Why Wells Fargo Upgraded Apple Stock

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Looking back in early 2014, Wells Fargo Securities actually downgraded AALP (Apple) stock, citing concerns about the firm’s margins. Looking back in early 2015, Wells Fargo had maintained their rating of “market perform” for the company. However, an analyst of Wells Fargo Securities, Maynard Um, upgraded Apple to “Outperform” due to the recent share slide, according to AppleInsider.
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