Apple bear turns bullish after iPhone Upgrade Program

By | September 16, 2015

Scalper1 News

After at least six months rating Apple (AAPL) stock as hold, S&P Capital IQ turned bullish on it Wednesday, upgrading the stock to a strong buy. Apple’s entry into the mobile phone financing business with its iPhone Upgrade Program is a “notable positive” for the company, S&P analyst Angelo Zino said in a research report. He has a 12-month price target of 150 on Apple shares. Apple stock was down a fraction near 116 in afternoon trading on the Scalper1 News

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