Apple shares surge on Wells Fargo upgrade

“Apple saw its stock price spike higher early Tuesday on an analyst upgrade, while shares of Bank of America also rose sharply after a series of upgrades,” Vance Cariaga reports for Investor’s Business Daily.

“Apple’s stock price was up 6% in premarket trading on the stock market today after it was upgraded to outperform by Wells Fargo, which said a recent correction in shares has gone too far,” Cariaga reports. “On Monday, Apple shares sank as much as 13% to 92 intraday before closing down 2.5% to 103.12, amid an overall market sell-off over fears about China’s economy.”

Wells Fargo raised Apple to Outperform from Market Perform and the firm’s valuation range was set up at $125 to $135. – MDN Ed.

Read more in the full article here.

MacDailyNews Take: Let the upgrade parade roll forth!

U.S. stock futures rise sharply as China cuts interest rates – August 25, 2015
SEC to sanction Apple CEO Cook for his $63 billion email? – August 24, 2015
Apple shares recover from white-knuckle plunge after CEO Cook emails Jim Cramer – August 24, 2015
Apple stages historic rally off $92 – August 24, 2015
Apple CEO Cook may have violated U.S. SEC rules with email to Jim Cramer – August 24, 2015
Apple, after big drop, leads recovery of Dow Jones Industrial Average – August 24, 2015
CEO Tim Cook to Jim Cramer: Apple is seeing strong growth in China through July, August – August 24, 2015
Apple crashes under $100 in pre-market trading as tech stocks set up for dismal day – August 24, 2015


  1. Nothing has changed, and all of a sudden the analysts have decided that they’re no longer doomed. All this shows is that the analysts don’t have a fscking clue what they’re talking about – other than that they’re experts at manipulating the people who will listen to them.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.