JPMorgan reiterated its overweight rating on Apple, noting healthy iPhone lead times. JPMorgan also maintained Tesla at neutral with a reduced price target to $415 from $445. Baird raised its price target on Micron to $1,520, citing strong demand from agentic AI. Royal Caribbean received upgrades from Deutsche Bank and Bank of America, while PepsiCo was downgraded by Deutsche Bank. Barclays reiterated overweight ratings on Nvidia and Broadcom.
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