Will This Upgrade Help Apple (AAPL) Stock Today?

NEW YORK (TheStreet) -- Apple (AAPL) has been upgraded to "buy" from "outperform," CLSA said Thursday. The firm said earnings momentum is poised to accelerate with a 300 million-plus iPhone-installed base upgrade cycle. CLSA gave a $695 price target. 

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Separately, TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate APPLE INC (AAPL) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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