HSBC Upgrades Apple To Buy, Sees "AI Boost" Sparking Device-Upgrade Cycle

HSBC Upgrades Apple To Buy, Sees "AI Boost" Sparking Device-Upgrade Cycle Days after KeyBanc analysts Brandon Nispel and John Vinh downgraded Apple over concerns that soaring memory chip costs and rising iPad, Mac, and iPhone prices could spark a growth slowdown, HSBC analysts took the opposite view, upgrading the stock to a "Buy" rating to end the week. HSBC analyst Nicolas Cote-Colisson upgraded Apple to "Buy" from "Hold" on Friday morning and raised his price target to $366 f...

By Tyler Durden