Several investment banks issued new recommendations on Tuesday. Bank of America raised its Microsoft price target to $600 from $500, citing Azure growth accelerating to 43% in the fourth quarter of 2026. Morgan Stanley upgraded Robinhood from equal weight to overweight, highlighting platform expansion and improved customer economics. Deutsche Bank initiated Cisco with a buy rating, while JPMorgan maintained its overweight stance on Apple despite a decline in global smartphone shipments. Rosenblatt initiated Uber, Airbnb and DoorDash all with buy ratings.
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