HSBC Upgrades Apple to Buy From Hold, Raises Price Target to $366
JOON HYOUNG LEE
Forecast Trend Report by Period
HSBC raised its price target on Apple and upgraded the stock to buy from hold.
Walter Bloomberg reported on July 17 that HSBC lifted its price target to $366 from $260, an increase of nearly 41%.
The move appears to reflect the potential for improved earnings and future growth. HSBC's $366 target is among the higher price targets set by major investment banks for Apple.
Apple shares rose about 0.6% in premarket trading from the previous close after the news.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul