HSBC upgraded AAPL to buy, citing an anticipated operational turning point and robust upcoming product cycle.
HSBC upgraded Apple Inc. (AAPL) to a buy rating, forecasting a strong product cycle ahead. The firm highlighted an operational turning point for the company, suggesting sustained growth potential.
Shares of Apple dipped slightly in premarket trading following the upgrade. The move follows recent analyst actions and aligns with expectations of a rebound in demand for the tech giant’s hardware and services.
No immediate market reaction was detailed beyond the fractional premarket decline.