Bank of America reiterates Apple as buy Bank of America said it's standing by its buy rating on shares of Apple. "Maintain Buy on Apple on multi-year iPhone upgrade cycle, tailwind to GMs [gross margins] and strong cash flows." Wells Fargo upgrades One Gas to overweight from equal weight Wells upgraded the nat gas company after a series of investor meetings. "On the heels of constructive investor meetings, we upgrade OGS to Overweight from Equal Weight." Wells Fargo adds Spotify to the signature picks list Wells said the stock is "recession defensive."