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UBS upgrades Apple to a buy — here are the 3 reasons why

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LONDON — UBS on Wednesday upgraded Apple stock to a buy rating and raised its price target from $115 to $142 per share.

Apple shares closed Tuesday’s session at $119.90, down 9.64% year to date, with Big Tech having taken the brunt of the market jitters on rising bond yields.

In a new research note, UBS gave three fundamental reasons why investors should snap up the tech giant’s stock, as the Swiss lender upgraded it from a neutral rating.

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