U.S. stock futures are flat this morning following Thursday’s bounce-back rally, while the 10-year Treasury yield is inching closer to 5% again. Apple is holding its iPhone 18 launch event today, with Evercore raising its price target to $380. Notable moves include Netflix being downgraded to sell by Wells Fargo with a target reduced to $57, and Lennar seeing its target cut to $70 by Barclays implying over 11% additional downside. On the positive side, Etsy was upgraded to buy by BTIG with a $90 target representing 24% upside, and StubHub was upgraded to buy by Citi with robust app downloads in the third quarter.
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