Apple shares surge nearly 7 percent after drop over coronavirus fears

Apple shares surge nearly 7 percent after drop over coronavirus fears

Shares in Apple surged nearly 7 percent during trading on Monday, helped by a broad Wall Street rebound and an upgrade in rating by Oppenheimer from ’perform’ to ’outperform’. Oppenheimer called Apple a ’recurring revenue machine’ and said its products and strong balance sheet should help it withstand any economic uncertainty due to the coronavirus.

Clara
Clara
Top in Business
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