Bank of America reiterates its buy rating on Apple, citing capital returns, potential in edge artificial intelligence and new products. Deutsche Bank also reiterates buy on Palantir after a quarter marked by accelerating growth in both commercial and government operations. Bank of America downgrades Marvell to neutral and cuts its price target from $400 to $225 because of the Lumentum acquisition, while Goldman Sachs upgrades SiriusXM to buy with a $37 target. Bernstein retains Nvidia at outperform, Morgan Stanley reiterates overweight on SpaceX and EchoStar, and Barclays upgrades Bloom Energy to outperform as demand accelerates despite near-term free-cash-flow pressure. Other notable moves include upgrades to Howmet Aerospace, TRex Bio and Cloudflare, as well as initiations of coverage on Pony AI and Nano Nuclear Energy by Morgan Stanley and Wedbush.
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