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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Apple’s Stock Take a Major Hit

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Apple has been reeling throughout most of 2013 after coming off their stock high in September of 2012 when they originally launched the iPhone 5. As it stands today, the company hasn’t been doing nearly as well as they should be doing in the competitive smartphone market.
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