Apple shares are trading higher after Bernstein upgraded the stock from Market Perform to Outperform.
Portfolio Pulse from Benzinga Newsdesk
Apple shares are trading higher following an upgrade by Bernstein from Market Perform to Outperform.

April 29, 2024 | 10:45 am
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Apple's stock received a positive rating upgrade from Bernstein, moving from Market Perform to Outperform, leading to a rise in its share price.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect a positive change in the analyst's view of the company's future performance. Given Apple's significant market presence and investor following, an upgrade from a reputable firm like Bernstein can have a notable impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100